Resource
Social security data required for the valuation of a national social security system
Summary (English)
Actuarial valuations normally apply to a particular social security scheme, assessing its future revenues, expenditure and its financial sustainability. Social budgeting looks at the social protection system in a given country as a whole, and takes into account - apart from present and future balances of individual schemes - also all inter-relations between the schemes and their links to the overall public finance revenues and expenditure. At the same time social budget projection and simulation normally do not extend a horizon of 15 to 20 years, while actuarial valuations of the pension schemes often involve much longer time-horizons. This publication deals with data requirements for actuarial valuations. However, Annex I provides also overview of the data required for social budgeting.
Related info
519