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Summary
Social Security Reform in Developing Countries - the Evolution of Defined Contribution Solutions
Organized by the IAA´s Committee on Social Security
Chairman: Michael Sze (USA)
Panelists:
·Joshua Bank (USA)
·Rosa Maria Farell (Mexico)
·Alejandro Ferreiro (Chile)
·Yves Guérard (Canada)
·Stuart Leckie (Hong Kong)
·Juan Carlos Padilla (Mexico)
This session will start with Alejandro Ferreiro providing a critical assessment of how the defined contribution approach has worked in Chile. This is followed by critiques of the DB/DC approaches using some developing countries as examples. The speakers will provide insight on the reasons for the choice of the funding mechanism in their countries and the consequence of the choice. The emphasis is on innovative approaches used, and the problems encountered.
Juan Carlos Padilla and Rosa Maria Farell will focus on the Mexican solution. Yves Guérard and Stuart Leckie will provide insight into the Chinese approach. Joshua Bank will assess South America reforms. Michael Sze will analyze the pension reforms in the former Soviet countries, with special focus on Kazakhstan. |
