PBSS Section General Meeting

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Pensions, Benefits and Social Security Section Colloquium 2011, Edinburgh, United Kingdom PBSS Section General Meeting Monday 26 September 2011, 17:30 18:00

Welcome to the PBSS General Meeting in Edinburgh 1

Agenda Welcome, Introduction and Apologies Secretary s Report Treasurer s Report Membership dues for 2012 Election of Committee members Changes to PBSS Section rules Future activities Other business 2

PBSS Annual General Meeting 26 September 2011, Edinburgh, United Kingdom Treasurer s Report

Estimated Amount of the PBSS Reserve Fund (As at 31 December 2010) 1. Estimated amount of the reserve fund of the PBSS CAD 13,329 2. Details (i) Balance as at 31 December 2009 (1) CAD 5,518 (ii) Revenue - Dues received during 1-4 Q CAD 20,180 - Deferred revenue - - bank interest CAD161 - Subtotal (2) CAD 20,341 (iii) Expenses - audit 2010 CAD 350 - ASTIN BULLETIN (2010 shipping fee) CAD 2,550 - bank charge CAD 15 - teleconferencing CAD 724-2010 administrative fee CAD 6,075 - travel expense for the ISSA Conference in Ottawa (Mr. Castro) CAD 2,816 - deferred dues for 2010 - - Subtotal (3) CAD 12,530 (iv) Estimated balance as at 31 December 2009 ((1) + (2) - (3)) CAD 13,329 3. Notes (i) Sweden paid the dues for its 12 members at CAD 40 permember. This is why the amount of dues received is not a multiple of CAD 50.

(Appendix 1) Development of PBSS Reserve Fund (2004-2009) period 1st Q 2004-3rd Q 2005 4th Q 2005-4th Q 2006 1st Q 2007-4th Q 2007 1st Q 2008-4th Q 2008 1st Q 2009-4th Q 2009 Revenue dues 15,293 9,960 16,960 17,440 16,760 bank interest 8 152 570 332 0 miscellaneous 82 - total (a) 15,301 10,112 17,612 17,772 16,760 Expenditures administaration fees 316 735 3,165 1,770 6,205 bank charges 33 270 652 446 504 teleconferencing fees 214 123 - audit fees 1,365 2,205 shipping fees (ASTIN BULLETIN) 3,035 4,013 bursaries 2,000 miscellaneous 520 44,469 total (b) 349 3,005 4,031 7,260 57,396 Difference((a)-(b)) 14,953 7,107 13,581 10,513-40,636 Estimated reserve fund at the end of the period 14,953 22,060 35,641 46,152 5,518 (Note1) All figures are in Canadian dollars (CAD). (Note2) The sum or difference does not always agree due to rounding.

(Appendix 2) Development of PBSS Reserve Fund (2010) period 1st Q 2010-4rd Q 2010 Revenue dues 20,180 bank interest 161 miscellaneous total (a) 20,341 Expenditures administaration fees 6,075 bank charges 15 teleconferencing fees 724 audit fees 350 shipping fees (ASTIN BULLETIN) 2,550 bursaries miscellaneous 12,530 total (b) Difference((a)-(b)) 7,811 Estimated reserve fund at the end of the period 13,329 (Note1) All figures are in Canadian dollars (CAD). (Note2) The sum or difference does not always agree due to rounding.

Agenda Welcome, Introduction and Apologies Secretary s Report Treasurer s Report Membership dues for 2012 Election of Committee members IAA delegates Changes to PBSS Section rules Future activities Other business 7

Committee Members 2010-11 Chris Daykin - Chairman Marius du Toit - Secretary Junichi Sakamoto Treasurer Doug Andrews Ken Buffin Alvaro Castro-Gutierrez Deborah Cooper Alf Gohdes Rodrigo Ibarro Geoff Rashbrooke IAA delegates Rob Brown Gary Hibbard Now retiring/resigning Eduard Ponds (2004-2011) Tadashi Nakada (2007-2011) Junichi Sakamoto (2004-2011) 8

Committee Members 2011-12 Chris Daykin (UK) Marius du Toit (ZA) Doug Andrews (CAN) Ken Buffin (USA) Alvaro Castro-Gutierrez (CH) Deborah Cooper (UK) Alf Gohdes (D) Rodrigo Ibarro (ECU) Geoff Rashbrooke (NZ) IAA delegates Gary Hibbard (UK) Junichi Sakamoto (JAP) 3 vacancies for election 4 candidates 9

Candidates for election to the PBSS Committee (3 vacancies) Alan Cooke (Canada) Florian Leger (France/Switzerland) Abraham Ernesto Hernandez Pacheco (Mexico) Nobuhiro Shimizu (Japan) Any other candidates? 10

Agenda Welcome, Introduction and Apologies Secretary s Report Treasurer s Report Membership dues for 2012 Election of Committee members Gary Hibbard Changes to PBSS Section rules Future activities Other business 11

Agenda Welcome, Introduction and Apologies Secretary s Report Treasurer s Report Membership dues for 2012 Election of Committee members Gary Hibbard Changes to PBSS Section rules Future activities Other business 12

Future activities Mini-Congress Hong Kong, 6-9 May 2012 Joint Colloquium with IAAHS and IACA 13

14

Future activities Mini-Congress Hong Kong, 6-9 May 2012 Joint Colloquium with IAAHS and IACA 2013 Colloquium Lyon, France, late June 2013 Joint Colloquium with AFIR International Congress of Actuaries, Washington DC, USA 30 March 4 April 2015 Colloquium Oslo, Norway, May/June 2015 15

Agenda Welcome, Introduction and Apologies Secretary s Report Treasurer s Report Membership dues for 2012 Election of Committee members Gary Hibbard Changes to PBSS Section rules Future activities Any other business 16

Gala Dinner at Mansfield Traquair Buses at 19.30 from Royal College of Physicians 17