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,
09:15 - 09:45 Inaugural Conference:
The pensions challenge
- Daniel Funes de Rioja,
Executive Vice President International Organization of Employers,
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,
-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.
- 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
First day closure
Official Dinner - Cocktail
Friday, June 1st
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.
- 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.
- 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,