This seminar will discuss the impact of expanding pension fund systems on economic activity and capital markets in Latin America. Where are Latin American pension systems heading? How can coverage be increased? What impact do demographic changes have? What benefits do pension funds provide?
Contact: Antonio Vives – antoniov@iadb.org
Saul Hanono- saulh@iadb.org
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9:00 a.m.- 9:30 a.m.
Welcoming remarks
Ricardo Solari, Labor and Social Security Minister, Chile
Carlos M. Jarque, Manager, Sustainable Development Department, Inter-American Development Bank
Pedro Corona B., President, International Federation of Pension Fund Administrators (FIAP)
Guillermo Arthur, President, Association of Pension Fund Administrators, Chile
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9:30 a.m.-11:00 a.m.
Private Pension Funds Contribution to Economic Development
Moderator:
Saul Hanono, Executive Secretary, IDB Retirement Plans, IDB
Speakers:
Helmut Reisen, Head of Research Division, OECD Development Centre - Economic activity: impact of private pension funds on domestic savings, the generation of employment, and economic growth in the region.
Eduardo Suárez, Deputy Director General, Asset Management, Banco Santander Central Hispano - Financial and capital markets: impact of private pension funds on the development of capital and financial markets (banks, stock exchanges, rating agencies, securitization, mortgages, public debt).
Aldo Simonetti Piani, General Manager, AFP Santa María – Impact of private pension-fund portfolio regulations on the availability of financial resources and the development of instruments.
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11:00 a.m.-11:30 a.m.
Break
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11:30 a.m.-1:00 p.m.
Private Pension Funds’ Contribution to Social Development
Moderator:
Guillermo Arthur, President, Association of Pension Fund Administrators, Chile
Speakers:
Eduardo Silva Pylypciow, President, Mexican Association of Retirement Pension Funds (AMAFORE) – Second- and third- generation reforms: vision of desirable enhancements in individual pension account systems, with special emphasis on the situation in Latin America.
Anita M. Schwarz, Senior Human Resources Economist, World Bank - Demographic changes: review of demographic trends worldwide, their impact on pension systems, and how the countries are addressing the situation.
Roberto Méndez, Director and President of Adimark Chile and Adimark SA, Argentina - Benefits: since Chilean pension funds have now been in operation for almost 20 years, the quality of the pensions they are providing can begin to be assessed; comparative amounts of pensions for old age, early retirement, disability, and survivors granted in 2000 and average salaries that funded them.
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1:00 p.m.-1:30 p.m.
Closing remarks
Alejandro Ferreiro, Superintendent of Pension Funds, Chile
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