Sunday, 20 May 2007 |
18:30 |
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Welcome Reception at Restaurant Sipuli |
Monday, 21 May 2007 () |
08:00 – 09:00 |
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Registration |
09:00 – 09:30 |
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Opening ceremony |
09:30 – 10:30 |
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E. Hämeenniemi: Identity and Understanding: Why musicians from different cultures can play together but are unable to discuss music? |
10:30 – 11:00 |
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Coffee |
11:00 – 12:30 |
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Invited Speakers
C. Daykin: The implications of longevity for risk-sharing in public and private pension schemes
D. Kingston: Report of the Financial Economics Task Force of IAA |
12:30 – 13:45 |
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Lunch |
13:45 – 15:00 |
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A. Investment strategies and risk management
D. Gustafson: Pension guarantee funds--the US Experience
A. Young: Pension guarantee funds--the UK Experience |
15:00 – 15:30 |
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Coffee |
15:30 – 16:20 |
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A. Ranne: The new equity linked buffer in the Finnish occupational pension system
T. Pennanen: A stochastic model for assets and liabilities of a pension institution |
16:20 – 16:30 |
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Pause |
16:30 – 17:40 |
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T. Nakada : Current situation of pension ALMs in Japanese Corporate Pension Plan
D. Andrews: A practitioner's observations on some innovative ideas for pension plan investment
E. Ralamiadana: The asset liability management policy of a debt management agency for the French Social Security debt. |
17:40 – 18:00 |
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PBSS Assembly General Meeting |
19:30 |
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Dinner at Boathouse |
Tuesday, 22 May 2007 |
09:00 – 10:20 |
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B. Longevity and annuitization, risk-sharing in pension design
Presentations)
Invited speakers:
P. Antolin: Annuities and Longevity Risk
K.G. Scherman: The Swedish NDC system. A critical assessment |
10:20 – 10:50 |
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Coffee |
10:50 - 12:30 |
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L. Bovenberg: Towards optimal pension contracts
G. Wood: To be confirmed
Panel discussion |
12:30 – 13:45 |
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Lunch |
13:45 – 15:00 |
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B. Longevity and Risk Sharing
Presentations)
M. Ono: Applying Sweden 'automatic balance mechanism' to Japanese population
T. Igawa: Public sector pension plans in Japan - Changes in plan design, financing and investment policies
M. C. Boado: A balance sheet for Pay-as-you-go finance: Solvency Indicators for Spain |
15:00 – 15:30 |
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Coffee break |
15:30 – 16:20 |
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R. Brown: Actuarial issues in the design of an optimal social security system
K. Lundberg: Balancing distribution of surpluses, and the role of bookkeeping and the balance sheet in the Swedish public pay-as-you-go pension scheme |
16:20 – 16:30 |
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Pause |
13:45 – 15:00 |
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C. Actuarial Valuation Methods and Assumptions
Presentations)
H. Iizuka:The consideration of the characteristics of the pension liabilities and measurement methods
R. Matsubara: Funding Standards and Protection of Benefit Rights
J. Sakamoto: Role of the Actuary in the process of unifying the social security pension schemes |
15:00 – 15:30 |
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Coffee break |
15:30 – 16:20 |
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A. Castro-Gutierrez: Actuarial Valuation Methods and Assumptions: Experience from Developing Countries
C. Patel: Security on pension provision |
16:20 – 16:30 |
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Pause |
16:30 – 18:00 |
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L. Koskinen: Modelling and predicting individual salaries
M. Economou: Implementing a pension plan along with the age increase of the plan participants
Y. Fujisawa: Legal funding rules on DB plans in Japan and in the US
J-F. Gavanou: Employee’s participation (contributions) to the funding of pension benefits: how to best incorporate it in the actuarial valuation of pension obligations? |
Wednesday, 23 May 2007 |
The programme of the day will be joint with the ISSA Conference |
09:30 – 10:00 |
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Opening Ceremony for ISSA International Conference of Social Security Actuaries |
10:00 – 11:00 |
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Keynote Address: Ageing and financial markets
Speaker: Erkki Liikanen, Governor of the Bank of Finland |
11:00 – 11:30 |
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Coffee |
11.30 - 12.30 |
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Demographic and economic assumptions used in actuarial valuations of social security and pension schemes
Main Report: Charles Cossette, Actuary, Quebec Pensions Board, Canada
Report of the ILO: Florian Léger, Social Security Department, ILO, Geneva
Discussion |
12:30 – 14:30 |
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Lunch |
14:30 – 16:00 |
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D. Projection Methods
K. Buffin: Stochastic Projection Methods for Social Security Systems
B. Thorslund: Increasing Confidence in Forecasting - an international challenge |
16:00 – 16:30 |
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Coffee |
16:30 – 17:15 |
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E. Ponds: Valuation of intergenerational transfers within funded collective pension schemes |
17:15 – 17:30 |
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Closing ceremony for PBSS Colloquium |
19:00 |
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Reception organised by the Ministry of Social Affairs and Health |
