The International Federation of Pension Funds, FIAP, changes the traditional date for the celebration of its International Seminar to September. As reported by the organization, the venue for the 13thFIAP International Seminar, to be held on the 24th and 25th of September 2015, is the Radisson Victoria Plaza Hotel in Montevideo, Uruguay.
As in previous occasions, the event will feature international experts who will discuss their experience and knowledge in different areas of interest, and participants from different global latitudes (FIAP members and others), including government officials, parliamentarians, officials from international organizations, representatives from pension fund management, mutual funds, and insurance companies, and other personalities related to the financial sector and social security.
The current pension system in Uruguay is a "mixed retirement system" where there are two subsystems, one called intergenerational solidarity and another based on individual savings. The covered employee makes contributions to both systems according to their income level. Contributions to the first are administered by the Social Security Bank, while the contributions to individual accounts make up the “Fondo de Ahorro Previsional” an independent Pension Savings Fund, which is the property of members and indefeasible, and which is under the administration of the Pension Savings Fund Administrators (AFAP).
For more information about the event, please contact FIAP through the following email: fiap@fiap.