Summary (English)

These guidelines are written for actuaries and other social security professionals undertaking actuarial work for social security schemes, as well as social security institutions, policy-makers and other stakeholders overseeing or reviewing actuarial work.

The objectives of these guidelines are to provide guidance to these different stakeholders in their work as it relates to the planning, management, financing and provision of social security benefits. The guidelines are structured to provide a list of issues to consider and recommendations in the carrying out of these duties.

The main objectives are therefore to:

• Promote good practice in relation to actuarial work undertaken by, and for, social security institutions and to support efforts to improve accuracy, consistency and comparability of actuarial work;
• Provide guidance for the procedures carried out by actuaries in their work;
• Facilitate the work of institutions in their governance procedures relating to actuarial work;
• Improve the efficiency of actuarial procedures;
• Provide practical assistance to institutions to facilitate their compliance with actuarial standards;
• Provide guidance to individuals or bodies responsible for policy issues and regulation on actuarial involvement.