ANALYSIS OF THE APPLICATION OF FINANCIAL MATHEMATICAL MODELS IN ESTIMATING PENSION FUND REQUIREMENTS IN THE ERA OF DIGITALIZATION
.Nerli Khairani, Elfitra, Sudianto, Tiur Malasari Siregar

Universitas Negeri Medan

Abstract

This study aims to analyze the application of financial mathematical models in estimating pension fund requirements in the era of digitalization. Along with the development of information technology, financial planning for retirement faces new challenges in terms of accuracy and efficiency. This research adopts a quantitative approach using secondary data from financial institutions and statistical agencies. The financial mathematical models used include the annuity model, the fund growth model, and the economic scenario model. The results show that the application of financial mathematical models integrated with information technology can increase the accuracy of estimating pension fund requirements by up to 85% compared to conventional methods. This model is also able to accommodate various economic and demographic scenarios, thus providing a more comprehensive picture of future pension fund requirements. However, this study also identifies several challenges in applying financial mathematical models in the era of digitalization, such as the availability of quality data and the need for skilled human resources. The findings of this study provide important implications for decision-makers and financial institutions in planning and managing pension funds more effectively and efficiently in the digital era.

Keywords: Financial mathematical models, pension funds, digitalization, financial planning, economic scenarios

Topic: Mathematics and Computational System