Cohort life expectancy is therefore higher than period life expectancy, if mortality probabilities are expected to fall. Where the term ‘life expectancy’ is used in this publication, it should be assumed to mean ‘cohort life expectancy’. Where this document deviates from this, it has been explicitly stated which definition of life expectancy is intended. 5.4 Retirement age of the state old-age benefit (AOW) and the standard retirement age The State Pensions age (AOW) and the standard retirement age in the Netherlands are linked to the development of period life expectancy. The foreseen effects resulting from the Projection Table AG2016 are discussed in chapter 8 of this publication. 5.5 Structure of the report Chapter 6, ‘Mortality data and assumptions of the model’, deals with the considerations with regard to the model which played a role in drawing up Projection Table AG2016. What are the assumptions of the model? What data are used and what history is taken into account? In chapter 7, ‘Uncertainty’, an explanation is given of the the uncertainty that is taken into account in the model and that which is not. In chapter 8, ‘Outcomes’, the outcomes of the AG2016 projection are shown in terms of life expectancies and technical provisions. A comparison is also made with earlier projections. Finally, chapter 9, ‘Applications of the model’, contains a further explanation of the use of a stochastic model. 5.6 Publication of the projection life tables on the Association’s website The Association has published the projection life table and this publication, including the technical description of the projection model, on its website. See www.ag-ai.nl/ActuarieelGenootschap/Publicaties Projection Table AG2016 Introduction 11
12 Online Touch Home