<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2594-0163</journal-id>
<journal-title><![CDATA[Mercados y negocios]]></journal-title>
<abbrev-journal-title><![CDATA[Merc. negocios]]></abbrev-journal-title>
<issn>2594-0163</issn>
<publisher>
<publisher-name><![CDATA[Universidad de Guadalajara, Centro Universitario de Ciencias Económico Administrativas]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2594-01632022000100005</article-id>
<article-id pub-id-type="doi">10.32870/myn.vi45.7651.g6725</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Collective Defined Contribution Schemes as an Alternative to Pension Plans]]></article-title>
<article-title xml:lang="es"><![CDATA[Esquemas de Contribución Definida Colectivos como Alternativa de Planes de Pensiones]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gómez Hernández]]></surname>
<given-names><![CDATA[Denise]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Demmler]]></surname>
<given-names><![CDATA[Michael]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Querétaro  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Querétaro  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>04</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>04</month>
<year>2022</year>
</pub-date>
<volume>23</volume>
<numero>45</numero>
<fpage>5</fpage>
<lpage>26</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2594-01632022000100005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2594-01632022000100005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2594-01632022000100005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Traditional pension plans, such as defined contribution and defined benefit, face several risks: being the most known, the increase of the life expectancy. To reduce this risk, many hybrid pensions plans have been proposed, to mitigate this risk. The objective of this study is to explore the financial and actuarial sustainability of a hybrid pension plan known as collective defined contribution (CDC) by accumulating a pension fund with the methodology found in Aon (2020). The results of the simulations in this study show that the replacement rate defined in the design of a CDC pension plan is reached by all the members in the plan. Moreover, that through the same pension fund, deficits and gains are financed by it.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Los planes de pensiones tradicionales, como el de contribución definida y de beneficio definido, enfrentan varios retos; siendo el más conocido, el incremento de la esperanza de vida. Ante este reto, diversos planes de pensiones híbridos surgen para solucionar este problema. El objetivo de este trabajo es explorar la viabilidad financiera y actuarial de un tipo de esquema híbrido conocido como de contribución definida colectivo (CDC), mediante la acumulación de un fondo siguiendo la propuesta de Aon (2020). Los resultados muestran que este plan si logra alcanzar la tasa de reemplazo definida para todos los empleados. Además, que a través del mismo fondo se financian las pérdidas y ganancias para que este resultado prevalezca a lo largo del tiempo.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[pensions]]></kwd>
<kwd lng="en"><![CDATA[collective defined contribution]]></kwd>
<kwd lng="en"><![CDATA[financial viability]]></kwd>
<kwd lng="en"><![CDATA[actuarial viability]]></kwd>
<kwd lng="es"><![CDATA[pensiones]]></kwd>
<kwd lng="es"><![CDATA[contribución definida colectiva]]></kwd>
<kwd lng="es"><![CDATA[viabilidad financiera]]></kwd>
<kwd lng="es"><![CDATA[viabilidad actuarial]]></kwd>
</kwd-group>
</article-meta>
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