Office of the Superintendent of Financial Institutions
“After the financial crisis, ALM is not an optional function. All social security institutions irrespective of size need to develop an ALM.” Oman, PASI
Medical expenditures increase with age: Populations which are currently young or middle-aged are also aging!
Uruguay restructured its first pillar system instead of removing it as it was done by many South American countries
Source: Survey “Comparison of demographic and economic assumptions in the actuarial analysis of 24 social security schemes” prepared and conducted by the Régie des rentes du Québec (Canada) in cooperation with TC ACT
Early retirement provisions are identified as a major threat to the financial and intergenerational health of Saudi Arabian pension scheme
Denmark indexes early retirement and pensionable ages to longevity
France introduced an inter-generation contract aimed at linking the recruitment of a young person with the maintenance of a senior in exchange for a reduction in contributions for the enterprise.
A framework leading to a more general concept of the intergenerational justice meaning that coexisting generations are all treated equally by a society should be considered