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Social Services & Safety Net Program Projects
| Bulgaria / Bulgarian Ministry of Finance |
| Enterprises/Sector |
Project
Description |
| Tax and Social
Insurance Methodology and Appeals Office |
IOS Partners'
associates worked closely with the Bulgarian Ministry of Finance's
National Revenue Agency to support the planning activities of
the newly established Tax and Social Insurance Methodology and
Appeals Office (TSIMAO) within the National Revenue Agency (NRA).
The deliverables for this project include preparing a Strategic
Development Plan, Business Definitions for the TSIMAO to undertake
uniform application of material and proceedings concerning taxation
and social insurance legislation. |
| Enterprises/Sector |
Project
Description |
| Privatization of
the pension system of Kazakhstan |
IOS Partners'
experts directed the establishment of training facilities as
part of the Asian Development Bank’s project for the privatization
of the pension system of Kazakhstan. IOS Partners trained various
teams of end-users in state of the art communications, operations,
financial, and administrative related applications and technologies.
IOS Partners designed and implemented record-keeping systems
for commercial pension funds and investment management companies.
IOS Partners assisted in the development of large-scale databases
for pension funds and government agencies. |
| Kyrgyzstan / The Ministry of Social Protection |
| Enterprises/Sector |
Project
Description |
| Social contributions |
IOS Partners
Inc provided a team of experts who worked with The Ministry
of Social Protection in the assessment of a unique tax and social
identification codes. Provided advice on the issue of a centralized
versus decentralized collection of contributions. Established
computer controls and procedures between the tax committee and
the Ministry of Social Protection. |
| Enterprises/Sector |
Project
Description |
| Pension Reform
and Central Banking |
IOS Partners'
MIS experts directed Information Technology related initiatives
within the Central Bank wholesale reorganization and operational
reform as part of the USAID’s Montenegro Pension Reform and
Central Banking project. Special emphasis is upon the organizational
development with the Central Bank, bank supervision, liquidity
and payment of operations, and research and statistics data
gathering. Along these lines, various services were previously
under the jurisdiction of the Central Bank. IOS Partners successfully
divested various entitlement programs such as housing, and old
age protection from the public sector to newly created and autonomous
public-private institutional bodies. Through these efforts IOS
Partners , was involved with the tendering process for the solicitation
of these pension administration companies whom presently manage
the funds of both civil servants and private enterprise workers
within these mandatory contribution systems. |
| Enterprises/Sector |
Project
Description |
| Financial and Marketing
Study |
IOS Partners conducted
a Financial and Marketing Study, under the auspices of the Asian
Development Bank, undertaken to expand the contribution base
of the Vanuatu National Provident Fund in response to massive
withdrawal of funds and poor asset management. This involves
an in-depth study of existing pension sector and market potential
for both public and private pensions. Devised macro-economic
studies to understand the tax revenue implications on the existing
public pension plan and the tax benefits to the private sector. |
| Enterprises/Sector |
Project
Description |
| Duperannuating
schemes for the Government Superannuating Fund (GSF), Company
Plans, and Individual Plans |
IOS Partners
assisted the Cook Islands, under the auspices of the Asian Development
Bank, in the review of existing superannuating schemes for the
Government Superannuating Fund (GSF), Company Plans, and Individual
Plans. Within these comprehensive diagnostics, IOS Partners
reviewed the administration, fund management, Government and
Policy- Making Board, Taxation, legislation, and led public
awareness campaigns. |
| Enterprises/Sector |
Project
Description |
| Social Security
System (SSS) investment group |
IOS Partners
was recently awarded a project directly with the Government
of the Philippines to develop the concept for better fund management
related to pension reform. Specifically, the project will focus
upon improving the social security system’s internal investment
guidelines through the design of appropriate investment policies,
streamlining processes and organizational structure of the Social
Security System (SSS) investment group, developing appropriate
risk management tools, and overall enhancement of the SSS’s
investment group. |
| Enterprises/Sector |
Project
Description |
| Pension and Insurance |
IOS Partners
reviewed, as a component of the Asian Development Bank funded
Mongolia Pension and Insurance project, the legal and regulatory
frameworks with regard to state provisions, private sector pension
and insurance industries. Within these frameworks, IOS Partners
developed recommendations for risk-based solvency requirements
and corresponding detailed investment guidelines that allow
investment of the insurance fund. Within this regulatory framework
IOS Partners devised accounting and reporting systems based
upon international standards in strict compliance with disclosure
requirements, accounting, auditing, and prudential norms. To
this end, IOS Partners also reviewed the corresponding operational
and regulatory capacity of the Insurance Supervision Unit. IOS
Partners conducted a comprehensive examination of the overall
business environment facing the insurance system, and assessed
the potential for the industry’s development. In this regard,
IOS Partners formulated guidelines to govern new insurance and
voluntary retirement savings products. |
| Enterprises/Sector |
Project
Description |
| Pension Reform
|
IOS Partners,
under the auspices of USAID’s Macedonia Pension Reform project,
assisted in developing the Institutional Framework needed to
license and regulate private pension funds. To this end, assisted
the Government of Macedonia in developing regulations, policies,
and procedures for the private regulatory agency. Additional
efforts included training management audit skills. |
| Enterprises/Sector |
Project
Description |
| |
IOS Partners investment
advisors undertook a comprehensive review of the country’s national
provident fund portfolio with a view towards restructuring its
asset allocation in context with the development of financial
modeling that addresses various levels of risk and “what if”
scenarios. Additional work was undertaken with a view towards
spinning off the housing benefit program as a separate housing
fund and entitlement program. |
| Republic of
Georgia / FIRST Initiative |
| Enterprises/Sector |
Project
Description |
| Reform Insurance
State Supervisory Services (ISSS) of the Republic of Georgia |
A prime example
of our most recent insurance reform undertaking, IOS Partners
, under the FIRST initiative funding mechanism, is presently
engaged by the Insurance State Supervisory Services (ISSS) of
the Republic of Georgia to:
- Conduct an assessment of the status and role of long term
savings and pension products, evaluate the existing supervisory
systems for the suppliers of these products and make appropriate
recommendations/submissions, including drafting and submitting
recommended additions/amendments to legislation, for the
strengthening of these systems;
- Review and assess the level of actuarial input required,
both at the individual company operational level and at
the market supervisory level, for both life and pension
business and from this prepare a need gap analysis;
- Deliver a comprehensive curriculum to enhance the general
capacity of ISSS by designing and implementing relevant
in-house training programs.
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