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18 November 2019 - 29 November 2019

Actuarial modeling for social protection analysts

18 November 2019 - 29 November 2019

Actuarial modeling for social protection analysts

Actuarial modeling for social protection analysts

Course Information

18 November 2019 - 29 November 2019

English

Turin Centre

Code: A9012029

English

Enrolment deadline: 18 October 2019

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Description

Description

National public pension systems are designed to sustain income security and prevent poverty. In most countries, they redistribute funds which are significant portions of the national GDP. Efficient governance supported by sound quantitative studies can make a lasting difference. Financial specialists working for social protection schemes must deal with uncertain future events and with complex interrelated systems. They must use projection methods and models for empowering policy-makers in the design and monitoring of pension schemes. The workshop on Actuarial Modeling for Social Protection Analysts will help social security staff responsible for quantitative studies, social budgeting and actuarial modeling to do their job more efficiently.

Target audience

Target audience

The two-week workshop is designed for participants committed to furthering the social protection with innovative, practical methods and cutting-edge techniques. More precisely, the workshop is designed for technical officials responsible for financial planning and monitoring of pension schemes: a) Quantitative specialists (such as economists, actuaries, statisticians, mathematicians, computer programmers, accountants and financial managers) of social security organization administration staff; b) Quantitative specialists of government finance and treasury departments and departments responsible for social protection; c) Quantitative specialists of pension fund regulators and supervisors. Important requirement: All participants must have full command of Excel and Visual Basic. As an organization dedicated to fundamental human rights and social justice, the ILO is taking a leading role in international efforts to promote and realize gender equality. In line with this ILO focus, women candidates are especially welcome.

Objectives

Objectives

The workshop provides advanced knowledge and modeling tools needed for the effective design, management and monitoring of pension schemes. The main aim of the workshop is to enhance the capacity of participants to use projection methods, develop actuarial models and build their own country-specific model based on the generic model of the ILO. At the end of the workshop, participants will be better equipped to understand and participate in the financial planning of their institutions through actuarial projections.

Structure and Contents

Structure and Contents

The two-week workshop will cover the following topics:

Module A: Social protection framework
• Social protection financing concepts, design and policy
• Context of the actuarial work in social protection at the national and international level
• Concept of the generic ILO models

Module B: National projection
• Demographic projection
• Labour force and employment projection
• Economic projection

Module C: Scheme-specific projection
• Social security data analysis
• Scheme-specific past experience review and assumptions
• Modeling scheme-specific projections

Module D: Validating and interpreting projection
• Projection consistency and validation
• Interpretation of scheme-specific results
• Long-term sustainability and fi nancing strategies

Methodology

Methodology

The ITC promotes a three phase approach in its learning activities:

  • Phase I: Pre-course information on the Internetbased learning platform
    • Three weeks before the course
  • Phase II: Face-to-Face workshop
    • Two week course in Turin
  • Phase III: Post-Training on the Internetbased learning platform
    • Following the face to face course

The workshop is based principally on the existing set of ILO projection models, ILO technical guides and the ILO Quantitative methods in social protection series. The workshop will combine lectures, tailormade modeling exercises, discussions and group work. An action-oriented, participative approach will be used.

Programme design

Programme design

The course consists of three phases for a total of 120 training hours.

Pre-course phase
During this preparatory phase, participants are expected to study a package of preparatory resources including reading
and multimedia, and then complete an online assessment. The pre-training phase requires 20 hours of self-guided learning on an online platform.

Presence-based phase
The on-site training consists of two intensive weeks of training at the ITCILO campus in Turin. The workshop is based principally on the existing set of ILO projection models, ILO technical guides and the ILO Quantitative methods in social protection series. It combines interactive sessions with experts supported by the ITCILO staff as well as individual assignments to be completed as homework during the evening. Home works will consist of tasks such as the drafting of technical or briefing notes that report on quantitative exercises or summarize the essence of concepts taught during the lectures. An action-oriented, highly participative approach is used with particular attention to sharing international experiences and adapting these to practical applications.

Training methods combine lectures and discussions, case studies, group work and individual exercises. This phase is
delivered at the ITCILO in Turin and will consist of 80 hours of training.

Post-training phase
The Post-training phase involves 20 hours of individual work to develop a proposal on applied project.

Assessment
The assessment process will establish whether students have a full grasp of the skills and concept taught in the course
based on performance in the assignments completed in before, during and after the course. A Certificate of Achievement will be issued by ITC-Turin after the assessment process has been completed successfully.

Language

Language

English

Diploma for Social Protection Analysts

Diploma for Social Protection Analysts

By taking this course you are taking a step towards earning the Diploma for Social Protection Analysts.

Background and Objective

The Diploma for Social Protection Analysts is a new initiative in the field of social protection capacity strengthening. Implemented by the International Training Centre of the ILO (ITCILO). Its central objective is to support the improvement in analytical aspects of the design, financial planning and governance of national social protection systems, through the training of quantitative specialists.
The Diploma provides the opportunity for successful candidates to become part of a new global cadre of practitioners with a recognised set of quantitative skills for social protection analysis. This is achieved with a package of intensive and challenging training courses equipping participants with the state of the art in tailored techniques for quantitative analysis of social protection. Incorporating the analytical depth and accreditation of an extended training programme, the certification is organised around a set of short courses and distance learning which can be completed over a number of years. This makes it particularly accessible to professionals in full-time employment.

Certification Process
The Diploma is composed of four social protection courses. Participants need to complete three courses out of the four qualified courses within a 5-year period in order to earn the “Social Protection Analysts” recognition. The Diploma represents 380 learning hours.
For each eligible course, the assessment process establishes whether participants have a full grasp of the skills and concepts included, resulting in a course-specific Certificate of Achievement issued by ITCILO Turin. To earn the “Social Protection Analyst” certification participants need to complete three courses and then undertake a capstone assessment
demonstrating the consolidated learning of the courses combined. The capstone assessment consists of a written assignment which uses analytical approaches from the three completed courses to develop policy recommendations for a specific country context.

You can find out more about the Diploma at the dedicated website.

Cost of Participation and Applications

Cost of Participation and Applications

Participation in the course costs Euro 3.735 (Euro 2.335 for tuition fees and Euro 1.400 for subsistence), excluding international air travel and airport transfers.


This is payable in advance. This covers: tuition fees; the use of training facilities and support services; training
materials and books; accommodation and full board at the Centre’s campus; emergency medical care and
insurance.


For information regarding payment, cancellation and refunds, please consult: 

http://www.itcilo.org/en/training-offer/how-to-apply

Applicants should complete the online nomination form no later than 18 October 2019, supported by a nomination letter from the sponsoring institution indicating how the participant will be financed.


The form can be found at https://oarf2.itcilo.org/STF/A9012029/en


Please note that if a Schengen visa for Italy is needed, the time required is on average at least five weeks.

next edition

16/Nov/2020

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Tuition cost: 2335

Subsistence cost: 1400

Total cost: 3735

 

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