Longevity Risk and Early Retirement in Turkey: An Actuarial Analysis of the EYT Reform

Date

2026-6-25

Author

Abdullah, Ghaidaa Wael Abdullah

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This report studies longevity risk in Turkey and the early retirement implications of the EYT reform. Turkish survival probabilities for 1931–2015 for female and male are used to construct life tables, calculate retirement duration, and evaluate annuity present values under a fixed interest-rate assumption. Then a discount rate sensitivity analysis is constructed to examine the effects of increasing interest rates on present value behavior. The results indicate that earlier retirement ages can substantially increase expected pension payment periods when combined with improving longevity.

Subject Keywords

Longevity risk, retirement duration, EYT reform, Turkish pension system, life tables, annuity present value

URI

https://hdl.handle.net/11511/119695

Collections

Graduate School of Applied Mathematics, Term Project