Implementation of an actuarial scorecard for pension schemes
The Pension Fund of Morocco (CMR) introduced actuarial scoreboards in 2007 in order to carry out its task of monitoring the financial equilibrium of the scheme.
The scoreboard is a management tool designed to assist decision-making. It groups performance indicators concerning the financial and demographic status of a pension scheme as well as equity and intra- and inter-generational solidarity, in the form of a structured and synthetic report. It enables decision-makers to keep track of the evolution of the system they are managing, to detect possible threats and take the necessary decisions at the appropriate time.
The CMR collects pertinent information from actuarial and impact assessment surveys which need to be disseminated. This is what lies behind the decision to introduce the actuarial scoreboard. The scoreboard comprises four types of indicator: demographic, financial, social and those which indicate equilibrium.
The CMR has reached a sufficient level of sophistication in the field of technical surveys to ensure that the information needed to shed light on the actuarial equilibrium of the schemes is available to decision-makers at all times.
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