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

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).

Project symbol

GRC/18/01/GRC

Admin unit

SOCPRO

Start date

30/01/2018

End date

15/09/2018

Total allocation

18202

Total expenditure

Status

Closed

18202

Development Partners

Greece, National Actuarial Authority

Country/Countries

Greece

Outcomes

Creating and extending social protection floors