The actuarial analysis of social protection schemes is a challenge that requires a delicate balancing act between the demographic, economic, financial, and actuarial fields. Actuarial Practice in Social Security addresses this challenge by providing a practical tool for actuaries to enhance and modernize their social protection systems while still maintaining this important balance. Offering a pragmatic and results-oriented approach, this volume presents technical material on valuation covering a wide-range of risks including old age, survivors, disability, sickness, maternity, employment injury, and unemployment. It offers a comprehensive, global picture of actuarial practice in social security and provides concrete examples of work done by actuaries in the field.

Actuarial Practice in Social Security

Business & Money

Bedard, Michel

Cichon, Michael

Plamondon, Pierre

Drouin, Anne

Binet, Gylles

McGillivray, Warren R.

Perez-Montas, Hernando

Insurance

International Labor Office

Designing social protection systems that are effective and equitable, as well as fiscally, financially, and economically efficient, has been both a challenge and a source of substantive debate the world over. Formal social protection systems —that use transfers in cash and in kind —redistribute between 5 percent (in developing countries) and 35 percent (in OECD countries) of their gross domestic product. One of the first volumes of its kind, this book offers a comprehensive overview of the many system financing options available and provides a thorough analysis of their advantages, disadvantages, and financial implications. The most important task of social protection systems is to alleviate and prevent poverty. With this in mind, the book presents a "methodological toolbox" from which social protection planners, managers, and social policy analysts can work. Written by practitioners for practitioners, it discusses the design and maintenance of national social protection systems that ensure an effective and efficient use of available resources at the community, national, and international levels while supporting long-term economic development. Each chapter includes real-life examples that deal with the theory as well as practical policy questions. The book also guides readers through the policy process that determines the desirable levels and scope of social protection in a given country. This publication is part of the Quantitative Methods in Social Protection series which is co-published by the ILO and the International Social Security Association.

Financing Social Protection (Quantitative Methods in Social Protection)

Scholz, Wolfgang

van de Meerendonk, Arthur

Hagemejer, Krzysztof

Bertranou, Fabio

Legal Theory & Systems

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