Excellence in administration

  • Guidelines:
  • Actuarial Work for Social Security

Excellence in administration

  • Guidelines:
  • Actuarial Work for Social Security

Actuarial Work for Social Security -
B. Operational Management of Social Security Systems

The actuary is likely to play a major role in issues relating to the day-to-day management and operations of the social security scheme. These roles will include the calculation of benefit entitlements for individuals and the factors to apply in certain situations. The methodology and assumptions used as well as appropriate peer review processes are crucial. The deliberations of the actuary will have a significant impact on the adequacy of benefits and the sustainability of systems.

The guidelines in this part cover these issues in the determination of appropriate factors and benefit entitlements in different situations.