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Committees

Social Security

Terms of Reference

Created – 17 August 1997, Updated – 9 August 2016

1. Membership

Membership of the Committee is open to all IAA Full Member associations, in accordance with Article 4.3 vii of the Internal Regulations.

The Committee also has liaison representation from the ISSA and the ILO.

2. Purpose

To support actuaries working in the social security field and with plans where the government is the sponsor and the plans are designed, financed and evaluated in a manner consistent with social security systems by, inter alia, developing actuarial guidance and promoting best practice.

3. Role

  • To seek to reflect the views of the worldwide actuarial community, as expressed by the member associations of the IAA, in discussions and debates at the international level on social security issues.
  • To raise the profile of the actuarial role in relation to social security organizations.
  • To promote the public interest through the role actuaries can play in social security.
  • To liaise with the International Social Security Association (ISSA), the International Labor Office (ILO), the World Bank and other relevant organizations on matters of mutual interest.
  • To encourage the development of the actuarial profession within the social security context by facilitating meetings and sessions at meetings focused on social security topics.

4. Decision-making Authority

The Committee operates within the IAA Statutes and Internal Regulations and makes recommendations for action by the Council or the IAA Executive Committee as appropriate.

5. Operational Matters

Frequency of Meetings:
The Committee meets at least twice a year in conjunction with each IAA Council meeting and may also meet by teleconference or electronic link as required.

Agendas and papers:
All meetings will have a formal agenda prepared by the Chairperson that generally must be distributed, along with required papers, at least one week before each meeting and made available on the Committee page on the IAA website.

Minutes:
Minutes will be prepared and distributed as soon as practicable after each meeting and will be made available on the Committee page on the IAA website.

Votes
The committee shall attempt to make decisions by consensus. However, where necessary, decisions may be made by a simple majority of the Committee members voting either at the meeting or electronically, with the Chairperson having a casting vote in the event of a tie.

Reporting:
The Committee reports to the Executive Committee (EC). To facilitate communication, the EC appoints one of its members to serve as the EC liaison person.

The Committee Chairperson will submit a proposed workplan and, where applicable, a related budget for the coming year, for EC consideration and approval.

The Chairperson will provide a written update report to the IAA Secretariat after each bi-annual Committee meeting.

Internal Liaison
The Committee will liaise with other IAA Committees and Sections as required to carry out its role and activities, and help these committees achieve theirs. This will include at least, where relevant, Pensions and Employee Benefits Committee, the Population Issues Working Group of the Scientific Committee and the Pension, Benefits and Social Security Section (PBSS).

External Liaison:
The Committee will liaise with external stakeholders as required to undertake its role and activities, including, where relevant, ISSA, ILO and the World Bank.

These liaisons are subject to requirements and/or processes of the IAA Statutes and Internal Regulations, and established policies and protocols. Public statements are made in accordance with the Branding Policy and the Due Process for Making a Public Statement.

Other operational matters:
The Committee will share information regarding developments and initiatives in relation to matters relevant to Social Security via the Committee page on the IAA website.