Actuarial Practice Experience in Social Security Reform and Crisis Management

Actuarial Practice Experience in Social Security Reform and Crisis Management

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Many countries in Latin America are experiencing large social trouble and budget crisis on account the pension program, independently of the consideration of Defined Benefits or Defined Contributions. After the past 35 years of SS reforms in pension, different countries have performed and modified their initial reforms, but social tensions and budget crisis related to pension systems persist.
The Actuary has an important role in these areas, not only as the traditional actuarial valuation, but also considering strategic planning and participation in working groups to give a diagnosis, analyze different courses of actions, to communicate this and to help finding practical solutions. The idea is to share real experiences in many countries (like Argentina, Bolivia, Costa Rica, Chile, El Salvador, Honduras. Mexico, Paraguay, Peru, Republica Dominicana) and discuss what should contain actuarial reports following professionalism standards like IAA-ISAP, including guidelines form ILO, IASS, and IOPS.

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