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You are a consulting actuary with a number of clients in countries in the South Pacific. The government of one Pacific Island nation with a
You are a consulting actuary with a number of clients in countries in the South Pacific. The government of one Pacific Island nation with a population of 200,000 people is considering the introduction of a modest government-funded pension for all islanders over the age of 65. You have been asked to advise the government on a sustainable level of the pension. From the elements of context discussed in chapter 5 of UAM, choose the 3 elements you think are most relevant to this assignment and briefly explain your choices. You will need to make financial projections to support your recommendations based on assumptions about the future. Choose one of the elements from your list of 3 and explain how your assumptions will reflect likely future changes in experience
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