The Role of Actuarial Accounting in Achieving Financial Sustainability for the State Employees' Retirement Fund in Iraq
DOI:
https://doi.org/10.70619/vol6iss1pp1-17-718Keywords:
Actuarial accounting, financial sustainability, retirement fundAbstract
This research aims to demonstrate the role of actuarial accounting in achieving financial sustainability for the pension fund. The weaknesses in the State Employees Retirement Fund's administrative structure and financial system, along with the increase in the number of employees, negatively affected the ability to meet retirees' dues. To achieve the research objectives, a questionnaire was designed and distributed to the study community, comprising professors of accounting and financial sciences from educational institutions of various specializations and specialized employees of the pension fund. The research yielded the following results: the application of actuarial accounting in the State Employees Retirement Fund in Iraq helps sustain the fund's resources to meet retirees' financial dues. Based on the results, the research recommended adhering to accounting principles to achieve financial sustainability for the pension fund.
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