Ready to develop your pension plan? Keep reading…
The main idea behind the concept of a Multi-Pillar Pension System is the possibility of combining a set of social protection instruments, each of which plays one or more functions, to guarantee the whole range of objectives of a national pension system.
Universal social protection for older persons is part of the Sustainable Development Goals (SDG) and the UN 2030 Agenda, in particular SDG 1.3 which calls for the implementation of national social protection systems for all, including floors, with special attention to the poor and the vulnerable. Social security is a human right, which in practical terms, is understood as the need to guarantee universal protection without leaving anyone behind.
Combined with transparent and sound financial management and administration required for social security to be further realized. The principle refers to the need for good governance of the system, particularly with respect to financing, management and administration, to ensure compliance with the legal and regulatory frameworks.
Through pension systems, individuals are provided with an income (a regular periodical payment) when they have reached retirement age and are no longer earning a steady income. Pension systems differ around the world, but usually, they are comprised of schemes for different categories of people, from basic social pensions for those with low income to supplementary voluntary savings for those with higher incomes.
Join us for the Pension Industry Association of Jamaica Annual Luncheon Thursday, July 13, 2023, at the Hotel Four Seasons starting at 11:30 am to learn more.
PIAJ Members – $12,000.00
Non-PIAJ Members – $15,000.00
July 13th | 11am
(location (in New Kingston) to be announced)
PIAJ Members – $12,000
Non-PIAJ Members – $15,000
Pension Fund Management, Administration and the new Data Protection Laws
David Kaplan is a Lead Labour Market Specialist in the Labour Markets and Social Security Division of the Inter-American Development Bank (IDB). He is also a research affiliate at the Institute of Labour Economics (IZA for its initials in German). Before joining the IDB in 2010, David was a research economist at the U.S. Bureau of Labour Statistics, an assistant professor at the Mexican Autonomous Technological Institute (ITAM for its initials in Spanish), and a Private Sector Development Specialist at the World Bank.
David is an expert in labour markets in developing countries, particularly in labour regulations and social security, and regularly advises governments regarding the design and implementation of labour and social security reforms. David has published articles in economic journals such as the Journal of Public Economics, the Journal of Economic Development, and the Review of Economics and Statistics. David received a PhD from Cornell University in 1998.