TECHNICAL SEMINAR FOR SOCIAL SECURITY ACTUARIES AND STATISTICIANS.
Thursday, 30 October 2008
08:00 - 09:00
Registration of participants

09:00 - 9:30
Opening remarks:

Ibrahim Muhanna
Chairman, Board of Trustees
The Muhanna Foundation
Lebanon

Yannick D'Haene
Director, Social Security Observatory
ISSA, Geneva

H.E. Ms. Sotiroula Charalambous
Minister of Labour and Social Insurance
Cyprus

9:30 - 10:30
Theme 1: Social security issues in Cyprus
Keynote speaker: Best practices and lessons learnt
Theophanis Tryfonos
Director General
Ministry of Labour and Social Insurance
Cyprus
10:30 - 10:45

Coffee Break - Hosted by:Ministry of Labour and Social Insurance Cyprus

10:45 - 12:45
Theme 2: Optimal pension financing
Main Report: Optimal financing of social security pension schemes
Yves Guérard
Secretary General
International Actuarial Association (IAA)
Ottawa, Canada
Discussant: To fund or not to fund: Is there risk involved in funding?
Jean-Claude Ménard
Chief Actuary - Office of the Chief Actuary
Office of the Superintendent of Financial Institutions
Chairperson, ISSA Technical Commission on Statistical, Actuarial and Financial Studies
Canada
13:00 - 14:30 Lunch at Kalypso Restaurant, Amathus Hotel - Hosted by:
The Muhanna Foundation
14:30 - 16:20
Theme 3: Optimal financing of social security pension schemes and its design
Reporters:

Competing views of social security pension design and its impact on financing
Rob Brown
Professor
Department of Statistics and Actuarial Science
University of Waterloo
Chairman, International Actuarial Association (IAA) Social Security Committee
Canada

Defining meaningful information to assess the financial status of social security pension schemes
Ole Settergren
Chief Secretary in the Governments Commission to start a unified pension agency
Ministry of Health and Social Affairs
Sweden

Discussant: Views on financing Social Security programs
Alice H. Wade
Deputy Chief Actuary, Long Range
Office of the Chief Actuary
Social Security Administration
United States
16:20 - 16:35 Coffee Break - Hosted by:
Ministry of Labour and Social Insurance Cyprus
16:35 - 17:30 Optimal pension PAYGO Financial Sustainability by Design: The Sustainable Internal Rate of Return and the Associated Indexation / Revalorization Mechanisms
András Bodor
Economist
Human Development Group in the Middle East and North Africa region
World Bank
Hungary
19:30 - 21:30 Reception at the Amathus - Hosted by:
Ministry of Labour and Social Insurance Cyprus
Friday, 31 October 2008
09:15 - 12:30 Theme 4: Financing of pension schemes
Main report: The experience in African countries
Giovanna Ferrara
Consulting Actuary for Africa
Member of Istituto Italiano degli Attuari
Italy
National experiences:

Experience of the United Kingdom
Chris Daykin
Independent Consultant and Actuary
United Kingdom

Longevity is increasing - What about retirement age?
Christina Lindell
Head of Planning Department
Finnish Centre for Pensions
Finland

10:30 - 10:45
Coffee Break - Hosted by:
Ministry of Labour and Social Insurance Cyprus
Actuarial analysis of optimal financing of mandatory pension insurance scheme in Russia
Alexander Kurtin
First Vice-Chairman of the Board of Directors
Pension Fund of the Russian Federation
Russian Federation

Financing of pension scheme
George Psaras
Managing Actuary for Pensions and Social Insurance
i.e. Muhanna & co Actuarial Services
Cyprus
12:30 - 13:00 Concluding remarks: Ibrahim Muhanna
Chairman, Board of Trustees
The Muhanna Foundation
Vice-Chairperson of the ISSA Technical Commission on Statistical, Actuarial and Financial Studies
Lebanon
15:00 - 16:30

Meeting of the Steering Committee of the Technical Commission on Statistical, Actuarial and Financial Studies