PROGRAM International Conference “Funded Systems: Their Role in Solving the Pension Problem” May 31 - June 1º, 2007 Thursday, May 31 st 08:30 - 09:00 Registration of participants 09:00 - 09:15 Welcome - Georgi Parvanov, President of the Republic of Bulgaria, Address to the participants - Nikola Abadjiev, President Bulgarian Association of Supplementary Pension Security Companies, BASPSC. - Guillermo Arthur, President International Federation of Pension Fund Administrators, FIAP. 09:15 - 09:45 Inaugural Conference: The pensions challenge - Daniel Funes de Rioja, Executive Vice President International Organization of Employers, IOE. 09:45 - 10:00 Questions 10:00 -11:30 First session: The political economy of the reforms Moderator: Angel Martínez-Aldama, Director Spanish Association of Investment and Pension Funds, INVERCO. Speakers: -The pension reform in Bulgaria. Hasan Ademov, Chairman Labor and Social Politics Committee of the Bulgarian Parliament. - The pension reform in Mexico. Fernando Solis, Past President National Commission of Retirement Savings System, CONSAR, Mexico. - Experiences of the reform in Eastern Europe. Agnieszka Chlon-Dominczak, Counsellour to the Minister at Ministry of Regional Development in Poland. 11:30 - 11:45 Questions 11:45 - 12:15 Coffee 12:15 - 13:45 Second session: The results of the reforms for workers Moderator: Ewa Lewicka, President Polish Pension Funds Chamber. Speakers: - Reforms and level of the old age pensions. Edward Whitehouse, Consultant Organization for Economic CoOperation and Development, OECD. - Reforms and disability and survivalship. Estelle James, Consultant The World Bank and USAID. - Reform and income distribution. Anita Schwarz, Lead Economist Human Development Sector Unit, Europe and Central Asia Region, the World Bank. - Reform and labor market. Augusto Iglesias, Partner PrimAmérica, Chile. 13:45 -14:00 Questions 14:00 14:30 First day closure Lunch 20:30 Official Dinner - Cocktail Friday, June 1st 09:00 Welcome 09:00 - 10:45 Third session: The individual capitalization plans in the social security system Moderator: Francisco González-Almaráz, President Mexican Association of Retirement Fund Administrators, AMAFORE. Speakers: - How to structure a multipilar system. Mario Marcel, President of The Presidential Advisory Council for Pension Reform of Chile. - The interaction between private and public pension programs. Yordan Hristoskov Ph.D., Governor Bulgarian National Social Security System Institute. - Design alternatives for social pension programs. Robert Palacios, Economist, South Asia Human Development, The World Bank. - Strategies to finance pension reforms. Joaquin Vial, Finance Ministry Former Budget Director, Chile. 10:45 -11:00 Questions 11:00 -11:30 Coffee 11:30 -12:50 Fourth session: Pension funds investment policies and strategies Moderator: Plamen Oresharski, Minister of Finance of the Republic of Bulgaria. Speakers: - Multifunds: experiences and tendencies. Eric Conrads, Investments CIO of AFP ING Santa Maria. - The best investment strategies for mandatory pension funds. Juan de Dios Sanchez-Roselly, Global Director of Investments Santander Asset Management, Spain. - The best investment strategies during the pay out. Jiri Rusnok, Pension Director & Chief Economist ING Czech and Slovak Republics. - Regulation and control of investment risks. Juan Yermo, Head Private Pensions Unit, Financial Affairs Division, Organization for Economic Co-Operation and Development, OECD. 12:50 - 13:00 Questions 13:00 - 14:00 Fifth session: Panel: European Union- pension reform outlook Moderator: Nikola Abadjiev, President Bulgarian Association of Supplementary Pension Security Companies, BASPSC. - Chris Verhaegen, General Secretary European Federation for Retirement Provision, EFRP. - Hermann von Gersdorff, Sector Manager Social Protection Unit, Europe and Central Asia Region, World Bank. - Ruth Paserman, Deputy Head of Unit Social Protection and Social Services, European Commission 14:00 - 14:30 Closure of the Conference Pensions Reform: why and how? - Guillermo Arthur, President International Federation of Pension Fund Administrators, FIAP.