Capacity building and peer review for the actuarial valuation of the Cyprus Social Insurance Scheme as of 2006

The ILO and the Government of Cyprus have been engaged in a long-standing technical collaboration for many decades since the start of the Social Insurance Scheme in Cyprus. Over time, the Social Insurance Services of the MOLSI has developed in-house capacities in the area of actuarial practice. Whilst the ILO conducted prior actuarial reviews, the actuarial valuation as of 2006 is primarily intended to be conducted by the Social Insurance Services with assistance from the ILO Social Security Department to validate the work done. This justifies the focus of the present project on capacity-building assistance towards the actuarial valuation of the Cyprus Social Insurance Scheme as of 2006.

Project symbol

CYP/07/01/CYP

Admin unit

SEC/SOC

Start date

03/06/2007

End date

31/07/2009

Total allocation

41494

Total expenditure

Status

Closed

41494

Development Partners

Cyprus, Ministry of Labour and Social Insurance

Country/Countries

Cyprus

Outcomes

Social Security