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- Benefit_financing_model abstract "The benefit financing model (BFM) is an actuarial forecasting model designed to help analysts project the condition of Unemployment Trust Fund (UTF) a number of years into the future, and quickly assess the financial impact of various economic scenarios and possible law changes. This model was constructed to be highly comprehensive yet flexible enough to adapt to individual state needs. It is considered a useful tool in unemployment insurance benefit financing and trust fund forecasting.The Benefit Financing Model is composed of two programs. Program One, the Projection Program, is based on the methodology of empirical econometric modeling. It uses regressions to derive mathematical relationships between key UI variables, and projects UI benefits, taxable wages, as well as workload variables on quarterly basis twelve years into the future. Program Two, the Financial Forecast Program, is based on the methodology of simulation modeling. It estimates Unemployment Trust Fund (UTF) income by simulating the workings of the State’s taxation system. Combined with the UTF outgo estimated by the Projection Program, the Financial Forecast Program is capable of projecting the dynamic flow of the Unemployment Trust Fund on quarterly basis under different economic and legislative scenarios. Furthermore, the Financial Forecast Program also assesses the adequacy level of the UTF under different scenarios and report solvency measures (such as Reserve Ratio, Average high cost multiple, etc.)on annual basis. If the trust fund should become insolvent and borrowing from the Federal Government is projected, the Program is able to assess loan interests, any reduced FUTA credits (also known as FUTA credit reduction), and other key loan variables. Lastly, the Projection Program can also be run independently to perform benefit cost estimation as well as workload forecasting.".
- Benefit_financing_model wikiPageExternalLink MOBFM2010Q3.pdf.
- Benefit_financing_model wikiPageExternalLink models.pdf.
- Benefit_financing_model wikiPageExternalLink Benefit_Financing_Model.pdf.
- Benefit_financing_model wikiPageExternalLink edd-uisystemfinancingstudy.pdf.
- Benefit_financing_model wikiPageExternalLink SouthCarolinaUITaxReportFINAL022310.pdf.
- Benefit_financing_model wikiPageID "31106243".
- Benefit_financing_model wikiPageLength "3352".
- Benefit_financing_model wikiPageOutDegree "12".
- Benefit_financing_model wikiPageRevisionID "596098370".
- Benefit_financing_model wikiPageWikiLink Average_high_cost_multiple.
- Benefit_financing_model wikiPageWikiLink Benefit_financing_model.
- Benefit_financing_model wikiPageWikiLink Category:Econometric_models.
- Benefit_financing_model wikiPageWikiLink Category:Modeling_and_simulation.
- Benefit_financing_model wikiPageWikiLink Category:Unemployment_in_the_United_States.
- Benefit_financing_model wikiPageWikiLink Econometric_model.
- Benefit_financing_model wikiPageWikiLink Econometric_modeling.
- Benefit_financing_model wikiPageWikiLink FUTA_credit_reduction.
- Benefit_financing_model wikiPageWikiLink Federal_Unemployment_Tax_Act.
- Benefit_financing_model wikiPageWikiLink Mercer_(consulting_firm).
- Benefit_financing_model wikiPageWikiLink Mercer_Model.
- Benefit_financing_model wikiPageWikiLink Simulation_modeling.
- Benefit_financing_model wikiPageWikiLink U.S._Department_of_Labor.
- Benefit_financing_model wikiPageWikiLink Unemployment_Trust_Fund.
- Benefit_financing_model wikiPageWikiLink Unemployment_Trust_Fund_(UTF).
- Benefit_financing_model wikiPageWikiLink Unemployment_benefits.
- Benefit_financing_model wikiPageWikiLink Unemployment_insurance.
- Benefit_financing_model wikiPageWikiLink United_States_Department_of_Labor.
- Benefit_financing_model wikiPageWikiLink William_M._Mercer_Inc..
- Benefit_financing_model wikiPageWikiLinkText "Benefit financing model".
- Benefit_financing_model hasPhotoCollection Benefit_financing_model.
- Benefit_financing_model wikiPageUsesTemplate Template:Unreferenced.
- Benefit_financing_model wikiPageUsesTemplate Template:Use_dmy_dates.
- Benefit_financing_model subject Category:Econometric_models.
- Benefit_financing_model subject Category:Modeling_and_simulation.
- Benefit_financing_model subject Category:Unemployment_in_the_United_States.
- Benefit_financing_model hypernym Model.
- Benefit_financing_model type Article.
- Benefit_financing_model type Model.
- Benefit_financing_model type Person.
- Benefit_financing_model type Article.
- Benefit_financing_model type Econometric.
- Benefit_financing_model type Model.
- Benefit_financing_model comment "The benefit financing model (BFM) is an actuarial forecasting model designed to help analysts project the condition of Unemployment Trust Fund (UTF) a number of years into the future, and quickly assess the financial impact of various economic scenarios and possible law changes. This model was constructed to be highly comprehensive yet flexible enough to adapt to individual state needs.".
- Benefit_financing_model label "Benefit financing model".
- Benefit_financing_model sameAs m.0gh7g6t.
- Benefit_financing_model sameAs Q4887442.
- Benefit_financing_model sameAs Q4887442.
- Benefit_financing_model wasDerivedFrom Benefit_financing_model?oldid=596098370.
- Benefit_financing_model isPrimaryTopicOf Benefit_financing_model.