![Fiscal growth Fiscal growth](https://cepar.edu.au/sites/default/files/styles/medium/public/Effect_of_Labour_Transitions_2.jpg?itok=ubxBKhuC)
Chao Qiao and Michael Sherris
Group Self-annuitisation Schemes (GSAs), or Pooled Annuity Schemes, are designed to share uncertain future mortality experience including systematic improvements. They have been proposed because of the significant uncertainty of future mortality improvement on pension and annuity costs.
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