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Pensiones y Beneficios para Empleados

Puntos de consulta

Created – 17 May 2003, Last revised – 15 January 2013

1.  Membership

Membership of the Committee is open to all IAA Full Member associations.

2.  Purpose

To address any professional issues of international relevance for actuaries working in the field of employer-provided pensions and employee benefits; or with plans where the government is the sponsor but the plans are designed, financed and evaluated in a manner consistent with private sector pension and employee benefit plans, especially when referred to the committee by the IAA Executive Committee, the Council or by the President.

3.  Role

  • Within its purpose, to coordinate input to the Organisation for Economic Co-operation and Development (OECD), the World Bank, the International Monetary Fund (IMF), and the International Organisation of Pension Supervisors (IOPS).
  • Through its Pensions and Benefits Accounting Subcommittee, to coordinate the IAA's input on employee benefits accounting standards that are used internationally, and to deal with matters arising out of the promulgation of those standards.
  • To provide support to the IAA Pensions, Benefits and Social Security Section.
  • To communicate on these and related issues with other affected parties, including IAA Member Associations and relevant parts of the pensions and employee benefits industry.

4.  Decision-making authority

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

5.  Operational Matters

Frequency of Meetings:
The Committee meets semi-annually in conjunction with each IAA Council meeting and by teleconference as required.  Extraordinary face-to-face meetings may be called as appropriate.

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

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

Reporting on Committee Activities:
The Chairperson will prepare a report on the activities of the Committee (including any subcommittees, working groups and task forces) at least two weeks before each Council meeting.

The Chairperson will also provide a written update after each biannual Committee meeting.

IAA Liaison:
The Committee will liaise with other IAA Committees and Sections as required to carry out its role and activities, in particular with the Actuarial Standards Committee and its task forces; Enterprise and Financial Risk, Insurance Accounting and Social Security Committees; and the Pensions, Benefits and Social Security Section.

External Liaison:
The Committee will liaise with external stakeholders as required to carry out its role and activities, subject to any requirements or processes of the IAA statutes and regulations.  This will include, inter alia, the OECD, World Bank, IMF, IOPS and IASB.

Other operational matters:
When considered appropriate, to appoint and oversee subcommittees for specific tasks.  The Committee will share information regarding developments and initiatives in relation to pensions and employee benefits via the Committee page on the IAA website.

6.  Subcommittees, Working Groups and Taskforces Reporting to the Committee

Pensions and Benefits Accounting Subcommittee.