PT  - JOURNAL ARTICLE
AU  - Hans van Meerten
AU  - Falco Valkenburg
TI  - Toward a European Pension Directive: <em>On Holism, the Actuarial Interest Rate</em>, and Pensions
DP  - 2015 Sep 21
TA  - Special Issues
PG  - 78--84
VI  - 2015
IP  - 1
4099  - https://pm-research.com/content/2015/1/78.short
4100  - https://pm-research.com/content/2015/1/78.full
AB  - In this article, we discuss what the work of the European Commission and the European Insurance and Occupational Pensions Authority (EIOPA) means with regard to developing a European Union (EU) prudential standard and how we should move toward a more objective valuation of pension liabilities in the EU. There are many different kinds of pension liabilities in the European member states, and there are at least just as many different ways of financing them. Pension liabilities must therefore be analyzed in order to take the right approach to valuation, and this should be done at the EU level. We will describe the valuation of pension liabilities and draw some conclusions.