Dynamic modeling and resolution of the pension fund problem

The pension is one of the pillars of social protection, so preserving the financial stability of the pension funds is a challenge to the future. In this paper, we propose a dynamic optimization model for the pension fund management. Applying this dynamic model targets to improving current techniques used by pension funds in Morocco in management and reform. The simulation results via the interior point algorithm for our dynamic optimization model provides the determination of contribution rates, replacement rates and optimal reserves of the Moroccan pension fund.The pension is one of the pillars of social protection, so preserving the financial stability of the pension funds is a challenge to the future. In this paper, we propose a dynamic optimization model for the pension fund management. Applying this dynamic model targets to improving current techniques used by pension funds in Morocco in management and reform. The simulation results via the interior point algorithm for our dynamic optimization model provides the determination of contribution rates, replacement rates and optimal reserves of the Moroccan pension fund.