These ISSA-ILO Actuarial Guidelines include the principles that social security institutions should consider in relation to actuarial work undertaken for social security schemes. They are not intended either as a detailed actuarial manual or as standards of practice. Their goal is to guide social security institutions in the “what” to consider but not the question of “how”.

The guidelines are comprised of eight separate parts:

Part A, Valuation of Social Security Schemes

Part B, Operational Management of Social Security Systems (including benefit calculations and determination of factors)

Part C, Investment Issues

Part D, Reporting, Communication and Disclosure

Part E, Risk Management and Analysis

Part F, Regulatory Issues, Standards and Professional Guidance

Part G, Policy and Strategy Issues

These guidelines are written for actuaries and other social security professionals undertaking actuarial work for social security schemes, as well as social security institutions, policy-makers and other stakeholders overseeing or reviewing actuarial work.

These Guidelines on Actuarial Work for Social Security (hereafter referred to as ISSA-ILO Actuarial Guidelines) have been produced jointly by the International Social Security Association and the International Labour Organization.