The SNA Supplementary Pension Table

Slides:

Advertisements

Similar presentations

Pension statistics for the new ESA: compilation issues and some results for Portugal Workshop on the implementation of the 2008 SNA WPFS+WPNA | OECD,

Advertisements

Public Sector Debt Statistics Online Centralized Database OECD Working Party on Financial Statistics October 24-27, 2011 – Paris Manik Shrestha Statistics.

Treatment of General Government Pension Schemes (Superannuation) in ABS Government Finance Statistics and the Australian System of National Accounts OECD/ABS.

Pensions in ESA 2010 WORKSHOP ON PENSIONS Canberra April 2013

Workshop on Pensions April 22-24,2013 in Canberra Sayako Konno Financial Statistics Group Economic Statistics Division Research and Statistics Department.

1 Report to the AEG Findings of the Task Force on Employers Retirement Schemes Adriaan Bloem, IMF John Ruser, BEA Co-chairs.

Supplementary table on pension schemes in social insurance Directorate C: National and European Accounts Unit C-5: Validation of public accounts European.

March 2007 AEG meeting Chapter 8 Main substantive comments.

Implementation and coordination of macroeconomic statistics in EU and euro area countries John Verrinder Eurostat.

ECB/Eurostat Work on Pensions in the Context of the SNA Update The 2008 World Congress on National Accounts and Economic Performance Measures for Nations.

2.1 METHODOLOGY FOR DELINEATION AND MEASUREMENT OF PENSION ENTITLEMENTS Peter van de Ven Head of National Accounts, OECD Advisory Expert Group (AEG) on.

Imputation of Property Income in the Case of Liabilities Between the Sponsor and the Pension Fund Brent Moulton Advisory Expert Group on National.

Measuring and recording of household pension entitlements under government schemes in the euro area Meeting of the Group of Experts on National Accounts.

ESA 2010 transmission programme

Classification of Financial Instruments 1993 SNA Chapter 11 MFSM Chapter 4.

Non-market services : Overview of Eurostat and OECD activities Paul Konijn, Eurostat Alain Gallais, OECD London, 3-5 October 2006.

Employer retirement pension schemes UN STATISTICS DIVISION Economic Statistics Branch National Accounts Section UNSD/ECA National accounts workshop November.

11th OECD-NBS Workshop on National Accounts September 2007 Beijing Update of the 1993 SNA – Progress Report and Main Issues Paul Schreyer, OECD.

Pension Workshop Outcomes SNA Table and proposed table 17.xx Conceptual recommendations for AEG and research agenda Actuarial considerations and.

Pension schemes An intrepretation of the AEG short minutes François Lequiller OECD.

Accounting for pensions, methodology for delineation and measurement of pension entitlements 9 th Meeting of the AEG Washington, 8-10 September 2014 Eurostat.

1 Lessons from the OECD workshop : Accounting for Implicit Pension Liabilities François Lequiller OECD.

UNSIAP1 Overview of System of National Accounts (SNA) 2008 Revision (1) & updates on 1993 System of National Accounts UN Statistical Institute for Asia.

Pension schemes in the updated SNA Anne Harrison Editor.

SNA Review: Pension schemes Report of the Eurostat/ECB Task Force and implementation of the supplementary table on pensions Reimund Mink European Central.

1 Financial Accounts database WPFS 6-7 October 2003 Item 4 By Michèle Chavoix-Mannato STD/NAES.

Progress Report on the Review of the SNA Carol S. Carson Project Manager Working Party on National Accounts OECD, Paris, October 11-14, 2005.

New Pension System in Poland - How to Classify in Accordance with SNA 93 and ESA 95 Krzysztof Pater Undersecretary of State Ministry of Economy, Labour.

Some follow up work to the Data Gaps Initiative: Institutional Sector Accounts Side Event to the UNSC New York, 23 February 2011.

Ilaria DiMatteo United Nations Statistics Division Meeting of the African Group on National Accounts(AGNA) April 2016 Addis Ababa, Ethiopia Activities.

. Guidance on Measuring Global Production 10 th AEG meeting April, Paris Prepared by Eurostat, OECD and UNECE.

OUTCOME OF THE EUROSTAT-ILO-IMF-OECD WORKSHOP ON PENSIONS Paul Goebel Policy Analyst National Accounts Division, OECD Advisory Expert Group on National.

THE RECORDING OF PENSION ENTITLEMENTS ACCORDING TO THE 2008 SNA Jorrit Zwijnenburg National Accounts Division OECD Advisory Expert Group on National Accounts.

The new ESA 2010 Improving national accounts data François Lequiller Director national accounts Eurostat.

Employer retirement pension schemes

March 2007 AEG meeting Chapter 17 - pensions

Table on household retirement resources

Benson Sim United Nations Statistics Division

ESCM – Chapter 1.

SNA research agenda 11th meeting of the Advisory Expert Group

Table 29 – Questions and Answers

ESA 2010: Recording of pension schemes in national accounts

Observed differences between quarterly and annual financial accounts data, comparing total financial assets and liabilities Item 5 Eurostat Task Force.

Item 14b: Insurance and Pension Funds

UNECE/EFTA/Eurostat workshop

Item 1 Eurostat pensions expert group meeting

National Accounts Section United Nations Statistics Division

Ch EDP work arrangements at Eurostat

Institutional sector accounts

Early estimates for ESSPROS main indicators

National accounts and SDGs

Satellite accounts THE CONTRACTOR IS ACTING UNDER A FRAMEWORK CONTRACT CONCLUDED WITH THE COMMISSION.

Outline METHODOLOGICAL FRAMEWORK

Eurostat pension visits to Member States – Major issues

Proposals for the 2012 WPFS meeting and for the Biennium

Satellite accounts THE CONTRACTOR IS ACTING UNDER A FRAMEWORK CONTRACT CONCLUDED WITH THE COMMISSION.

Adriaan Bloem, IMF John Ruser, BEA Co-chairs

Sub-Regional Workshop on International Merchandise Trade Statistics Compilation and Export and Import Unit Value Indices 21 – 25 November Guam.

Guide to Analyze Natural Resources in the National Accounts

programme of work of the WPFS for the biennium

OECD Working Party on National Accounts

ESTP course on National Accounts Insurance and pension funds

UPDATE OF SNA 1993 Conference on National Accounts in the context of development cooperation Luxembourg 6-8 May 2008.

Employer Pension Schemes

SDMX Implementation The National Accounts use case

Links between social protection/health/education statistics and national accounts Item 8 of the draft agenda DSS Meeting 2 and 3 March 2017.

Pensions Chapter 11.18: Transfer of pension obligations

Item 2. Latest developments as regards the population and housing census round 2021 in the ESS Luis del Barrio Enlargement, neighbourhood.

Borderline of social insurance: pensions

Presentation transcript:

The SNA Supplementary Pension Table Paul Konijn Eurostat

>> ESA 2010 (concepts and data transmission) The 2008 SNA on pensions Enhanced reporting on pensions Flexibility for unfunded pension schemes sponsored by government Supplementary table presenting pension entitlements in social insurance >> ESA 2010 (concepts and data transmission)

The supplementary table Nature of pension schemes (manager/type) >> Opening stock entitlements Transactions and other flows… Closing stock entitlements

Implementation in Europe ESA "Table 29" Compulsory transmission by countries to Eurostat Every 3 years, starting end-2017 For reference year t-2 (there 2015 in next transmission) Technical Compilation Guide (Eurostat/ECB) Training Courses and Workshops Bilateral visits and clarifications Grants

Some key issues tackled Scheme classification Hybrid schemes, post-retirement arrangements Delineation of "pensions" Treatment of survivor pensions, disability benefits Treatment of social-assistance like features Cases of 'minimum pensions' Discount rate Use of a common harmonised rate, consistent with Ageing Working Group

Communication Background in Europe - strong fiscal sustainability and government debt focus Plan for coordinated release and communication in March 2018 Focus on household assets in the table

Implementation of the table outside Europe OECD proposal for data collection Collect during 2018 (then every 3 years) First reference year: 2015 Template broadly in line with Eurostat table Remaining issue on the discount rate to be applied Use of Projected Benefit Obligation (PBO) approach? Consultation to explore these issues, as well as general ability of countries to provide data

Questions for the AEG Take note of experiences in Europe and plans for data collection for non-European countries Given the experiences, can we conclude that the overall table is proving fit for purpose? Are there borderline (conceptual) issues which remain to be resolved? What should the main communication focus be when communicating the table to users?