Pension Fund receives ISSA certificate of merit for advanced actuarial practice

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24 may 2019

The International Social Security Association (ISSA) has lauded the Russian Pension Fund’s contribution to the promotion of actuarial practices. A certificate of merit for advanced actuarial practice was presented to PFR Board Chairman Anton Drozdov at the ISSA Regional Social Security Forum for Europe in Baku in May.

The Pension Fund carries out actuarial activity in strict compliance with the standards of the International Actuarial Association, the International Labor Organization, and the ISSA. The PFR was the first to implement recommendations of the ISSA-ILO actuarial administration in the budget planning and strategic forecasting processes. The Pension Fund’s Actuarial Services makes a weighty contribution to the activity of the ISSA Technical Commission on Statistical, Actuarial and Financial Studies.