Support to the Hellenic Statistical Authority of Greece for the completion of Table 29 of Regulation 549/2013 (ESA 2010, Chapter 17) for the years 2016 and 2015

Project properties

Partners: Direct Trust Fund
Status: Completed
This project is part of the Global Flagship Programme on Building Social Protection Floors for All

Description

The Hellenic Statistical Authority of Greece (HSA) has requested the ILO to provide specific support for the completion of Table 29 of Regulation 549/2013 (ESA 2010, Chapter 17) for the years 2015 and 2016. In particular, this support is mainly related to modify six actuarial valuation pension models used by the National Actuarial Authority of Greece (NAA) for the actuarial valuation of these schemes in order to calculate Accrued to Date Liabilities (ADL) using a closed group methodology. The NAA makes use of actuarial pension models which are fully customized versions of the ILO generic pension modelling tool. The models have been customized in order to closely comply with national social insurance legislation and capture national pension peculiarities. In 2017 the ILO has supported NAA for methodological enhancements to the NAA projection models needed to be introduced in the context of continued improvement of the accuracy of the projection results (in addition to fully reflect recent legislative amendments L.4336/2015 and L.4387/2016). The agreement is part of long-standing technical co-operations between the ILO and the Government of Greece, which were initiated in 2005 in the early years of the establishment of the National Actuarial Authority of Greece (NAA).

SDG

Goals

End poverty in all its forms everywhere
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Time

30.01.2018 - 15.09.2018

Budget

18.202 / 18.202 Development Cooperation

Timeline of linked projects

GRC/18/01/GRC Europe and Central Asia Greece