Model for the management of pension fund with deterministic and stochastic parameters

Pension fund management is an issue for social as well as economic dimension, whose the political decision is based on a strategic choice to answering the economic, demographic evolution and social stability. The complexity of the issue obliges economists and researchers to simplify a set of constraints and data to obtain a programmable problem. In this paper, we propose an innovative model which combines probabilistic and stochastic data, this model allows in the case of simplification of getting existing models in the literature. Applying this dynamic model targets to improving current techniques used by pension funds in Morocco in management and reform.