Actuarial Work for Social Security - Guideline 28. The social security institution’s responsibilities with respect to actuarial reporting and communication of changes in scheme’s provisions
The social security institution provides stakeholders with regular, timely and comprehensive information on the actuarial status of the social security scheme. The social security institution informs stakeholders, in a timely manner, of any changes in the scheme’s provisions and their impact on the sustainability of the scheme and adequacy of benefits.
The regular and timely communication of the findings and recommendations of the actuarial valuation to programme stakeholders and decision-makers is a crucial step in maintaining the sustainability of social security arrangements and ensuring that the scheme meets its objectives.
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