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The Impact of Pension Sector Reforms on the Financial Viability of Pension Plans in Kenya

In: Business and Management

Submitted By tashjunior
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THE IMPACT OF PENSION SECTOR REFORMS ON THE FINANCIAL VIABILITY OF PENSION PLANS IN KENYA

By Akwimbi Ambaka William

March 12, 2011

Department of Business Administration, School of Business, University of Nairobi, Kenya

Electronic copy available at: http://ssrn.com/abstract=1784297

TABLE OF CONTENTS Declaration List of Tables List of Figures Appendices Abbreviation

CHAPTER ONE: INTRODUCTION 1.0. 1.1. 1.2. 1.3. 1.4. 1.5. 1.6. Background of the Study The Conceptual Basis of Social Security Schemes The Kenyan Contextual Basis of Social Security Problem Statement Research Questions and Objectives Research Hypotheses Importance of the study 1 3 10 19 22 22 23

CHAPTER TWO: LITERATURE REVIEW 2.0. Introduction 2.1. Review of Theoretical Literature on Financial Viability of Pension Schemes 2.2. Review of Empirical Literature of Studies on the Solvency of Pension Schemes 2.3. Models for Evaluating the Financial Viability of Pension Schemes 2.4. A Summary of the Knowledge and Research Gaps

25 25 46 60

68

REFERENCES APPENDICES

i
Electronic copy available at: http://ssrn.com/abstract=1784297

GLOSSARY CAC CALPERS CAPSA CBS C-D CEO CGE CSR DB DC E.T.I EME ERISA FMA GASB GDP GSP INPFRS INSS IPD IRA IRBS KNAO KNBS LUPFUND NSE NSSF NYSCRF OECD OSFI PBGC PLC PPF PPR PROST PRPOPS PSPS PSSS RBA SAM SIPO SOX SSNIT SSS Commonwealth Authorities and Companies Act CEO California Public Employees Retirement System The Canadian Association of Pension Supervisory Authorities Central Bureau of Statistics Cobb-Douglas economy Chief Executive Officer Computable General Equilibrium Corporate Social Responsibility Defined Benefit Defined Contribution Economically Targeted Investments Emerging Market Economies Employee Retirement Income Security Act Financial Management and Accountability Act Government Accounting Standards Board Gross domestic Product Gross State Product...

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