Documents method of financing 2 results

"Designing social protection systems that are effective and equitable as well as fiscally, financially and economically efficient has been a challenge for many countries. Offers a comprehensive overview of the many financing options available while also provides a thorough analysis of their advantages and disadvantages and their financial and economic implications. The most important task of social protection systems is to alleviate and prevent poverty. The book presents a "methodological toolbox" from which social protection planners, managers and social policy analysts can work."

"The choice of the methodology used to produce a social security pension system's balance sheet is mainly determined by the system's financing approach. In this article, it is shown using the example of the Canada Pension Plan that if the assessment of the financial sustainability of a pay-as-you-go or partially funded system is done through the means of an actuarial balance sheet, then the methodology used should take into account future contributions of current and future participants. The balance sheets produced using the open group approach, as well as methodologies used in United States and Sweden, are discussed."