9:30 - 12:30      Conference Hall
Technical Commission on Statistical, Actuarial and Financial Studies
      Chairperson: Mr. Christopher Daykin
      Government Actuary
      Government Actuary's Department
      United Kingdom
      Vice-Chairpersons: Mr. Jirí Král
      Director of the Social Security Department
      Ministry of Labour and Social Affairs
      Czech Republic
      Mr. Jean-Claude Ménard
      Chief Actuary
      Office of the Chief Actuary, Office of the
      Superintendent of Financial Institutions
      Canada
      Mr. Horacio T. Templo
      Chief Actuary and Executive Vice-President
      Social Security System
      Philippines

Agenda:

The optimal funding level of a public pension scheme

Demographic pressures will cause increases in pension scheme expenditures. Full-funding has been advocated as a means of improving the stability of contribution rates, but financing a pension scheme is also dependent on economic factors that are highly variable. Hence, in some circumstances, full-funding may lead to more instability than partialfunding. From the viewpoint of the asset composition, partial funding may be seen as investing a portion of the scheme's portfolio in ‘wages’ and a portion in ‘conventional securities’. If these two types of ‘assets’ are negatively correlated, partial funding may improve contribution rate stability.

Financial governance and risk management of social security

Risk management is a comprehensive system designed to maintain the risk of excess volatility within the specified risk tolerance of an organization, as determined by the board and management. It is a combination of risk identification, risk measurement and management
procedures for using the risk measurements. Application of risk management techniques to social security programmes and institutions will be illustrated.

14:30 - 17:30  Conference Hall
Technical Commission on Provident Funds and Allied Schemes
      Chairperson: Mr. Ajai Singh
      Central Provident Fund Commissioner
      Chief Executive
      Employees’ Provident Fund Organisation
      India
      Vice-Chairpersons: Mr. Juan Fernando Berchesi Mourelle
      President
      República AFAP
      Uruguay
      H.R.H. Prince Lonkhokhela Dlamini
      Chief Executive Officer
      Swaziland National Provident Fund
      Swaziland
      Mr. Azlan Zainol
      Chief Executive Officer
      Employees Provident Fund
      Malaysia

Agenda:

Guidelines for the investment of social security funds

The Technical Commission on Provident Funds and Allied Schemes has set up a Study Group on the Investment of Social Security Funds. Oversight of statutory social security schemes that are publicly managed by a government department or a statutory body is in principle provided by the government itself. For these publicly managed schemes the Study Group has developed investment guidelines which will be presented for comment.

Diversification of investments

Investment risk can be reduced by diversification among different investment mediums, industries and geographic areas and by dispersing investments within each category. In some schemes, social security funds may be invested in a variety of assets provided the assets meet certain specified requirements. In others, greater discretion is allowed in the selection of investments. Issues to be considered include investments in government securities, liquidity problems, direct investment and foreign investment.

9:30 - 12:30   Grand Ballroom
Technical Commission on Family Allowances
      Chairperson: Mr. Eliseo Vargas García
      Executive Chairperson
      Social Insurance Fund of Costa Rica
      Costa Rica
      Vice-Chairpersons: Ms. Karen Sejersdal Christensen
      Director General
      Social Appeals Board
      Denmark
      Mr. Ahmadou Yéri Diop
      Director General
      Social Security Fund
      Senegal
      Ms. Nicole Prud’homme
      President
      National Family Allowances Fund
      France

Agenda:

Children and migration

Migration affects most countries and globalization is expected to encourage migration. Migrants who work in the formal sector and pay social security contributions normally have coverage for themselves and their families. But many migrants are clandestine and work in the informal sector. Neither they nor their families are likely to have social security protection. How can social security institutions extend coverage to these migrants, in particular for family benefits?

Children in new family structures

There have been great changes in family structures in developing and industrialized countries. Now almost 50 percent of the families in the world are single parent, extended or reconstituted. This is a major demographic change from the traditional nuclear family. What family policies should be adopted to preserve the family as the nucleus of society? How can family allowances be adapted to new family structures? What measures can be implemented to protect children who are the most vulnerable family members?

14:30 - 17:30   Grand Ballroom
Technical Commission on Unemployment Insurance and Employment Maintenance
      Chairperson: Mr. Karel Baeck
      General Administrator
      National Employment Office
      Belgium
      Vice-Chairpersons: Mr. Jean-Pierre Revoil
      Director General
      National Occupational Union for
      Employment in Industry and Commerce
      France
      Mr. Heinrich Alt
      Member of the Board
      Federal Employment Institute
      Germany

Agenda:

Social security in flexible labour markets

Flexibility S fixed-term contracts, atypical work arrangements, telework, etc. S is a feature of today's world of work. How effective is social protection for flexible workers? Case studies will be presented showing different measures that have been put in place to provide access to training and possibilities for career development, support for workers who lose their jobs or are seeking alternative employment and arrangements helping workers to organize their professional, social and family lives.

Unemployment protection schemes in developing and transition countries

What are the social, economic and political factors that influence national decisions to implement or expand unemployment insurance schemes? Are there common characteristics of developing and transition countries that have implemented unemployment insurance schemes? Case studies of experience of employment insurance schemes in these countries will be presented.