Abstract

This study is an attempt to investigate the development of actuarial science through a review on the concepts, theories and models related to actuary and its relation to pension funds and the break-evenpoint for operating in the pension fund of banksduring the financial period from 2013-2041. Furthermore, this study provides a strategy to exit the mentioned fund from the balance deficit. It is noteworthy that results indicated theresources deficit for the mentioned fund in the next three years.

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