Training of trainers (ToT) on actuarial work in social security pensions

The EU-China Project “Improving China’s Institutional Capacity towards Universal Social Protection (Phase 2)” successfully organized a training of trainers (ToT) on actuarial work in social security pensions in Yixing, Jiangsu Province.

News | 25 May 2023
Beijing (ILO News) – The EU-China Project “Improving China’s Institutional Capacity towards Universal Social Protection (Phase 2)” (“the Project”) successfully organized a training of trainers (ToT) on actuarial work in social security pensions in Yixing, Jiangsu Province for 28 actuarial staff of the Ministry of Human Resources and Social Security of China (MOHRSS) at national, provincial and prefectural levels from 23 to 25 May 2023.

Group photo at the end of the training
The three-day training aimed to improve participants’ understanding of international principles of actuarial work in social security pension schemes and international practices of application of those principles. The participants trained are expected to be equipped with up-to-date knowledge to better support MOHRSS’ actuarial work and internal training activities. The training also served the purpose of validating the training material developed under the Project Phase 1. The training was a continuity of the series of capacity building activities in the Project Phase 1 (2019-2022). It was the first face-to-face training event since 2020.

In the opening remarks, Mr. HE Xiaozhou, Deputy Director-General, Social Insurance Administration (SIA) of MOHRSS expressed his appreciation to the ILO for its great support to the development of actuarial capacity in social security in China. He expected that the training would offer in-depth learning opportunities and the knowledge learned by the participants in this training would be directly applied in their daily work. China has made remarkable achievements in the development of social security. He hoped that the ILO would continue to support the actuarial work in social security and the training of social security actuarial staff in China.

The training was delivered on site by Mr Napoom Suwannapoom, the international expert from Thailand and online by Mr. Simon Brimblecombe, ILO Senior Actuary and Head of the Regional Actuarial Services Unit at the ILO in Bangkok. The training focused on actuarial concepts and modelling and helped participants understand the key demographic and economic drivers of pension scheme outcomes, create a simplified actuarial pension model with advanced actuarial formulas, and produce brief actuarial reports. A session on training approaches and techniques was also given to enhance participants’ understanding of how to organize an effective training programme. The training facilitated interactive discussions and group work. Final presentations and a quiz session were organized to test and reinforce the knowledge learned on the last day.

The training was very well received by SIA and local participants. At the closing session, Ms. YU Cong, Director, the Actuarial Division of SIA appreciated the useful and practical tools and methods that the trainers provided and affirmed the effectiveness of the training.

The training was greatly supported by the International Cooperation Department and Social Insurance Administration of MOHRSS and local social security agencies from Jiangsu Province, Wuxi City, and Yixing City. The training was sponsored by the European Union.