Eesti Pank and the IMF held a joint workshop on pensions on 30 September at the central bank. It featured presentations by experts on pensions who discussed their experiences from Poland, Hungary and Sweden and compared the development of pension systems in different countries. Also speaking at the conference were representatives of Estonian institutions and the designers of the Estonian pension system. There was also a public debate as part of the workshop, in which Ardo Hansson, Andres Viisemann, Indrek Neivelt and foreign experts gave their opinion on the planned reorganisation of the Estonian pension system.

The presentations can be downloaded from the following link

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Opening remarks; I session

OPENING REMARKS
Madis Müller, Governor of the Bank of Estonia
Cheikh Anta Gueye, Mission Chief, International Monetary Fund

Estonia’s Experience with Systemic Pension Reform: Objectives, Results, Issues
Moderator: Agnieszka Chłoń-Domińczak, Director of the Institute of Statistics and Demography, SGH Warsaw School of Economics, former Deputy Minister of Labor, former Vice-President of the European Council’s Social Protection Committee

The Estonian Pension System: Objectives, Challenges
Speaker: Sten Andreas Ehrlich, Deputy Secretary General, Ministry of Social Affairs

Regulations and Performance of the 2nd Pillar 
The Regulator’s Perspective:
Speaker: Märten Ross, Deputy Secretary General, Ministry of Finance
The Industry Perspective
Speaker: Kristjan Tamla, CEO, Swedbank Investment Funds

Concerns and Reform Proposals
Speaker: Martin Helme, Minister of Finance

Discussion

II SESSION

How Funded Pension Schemes Can Better Serve Future Retirees
Moderator: Ülo Kaasik, Deputy Governor of the Bank of Estonia

Introduction: The Pitfalls of Funded Reforms and their Reversals
Speaker: Csaba Feher, Senior Economist in the Fiscal Affairs Department of the International Monetary Fund

Reform Reversals in Poland and Hungary: Causes, Implementation and Consequences
Speaker: Agnieszka Chłoń-Domińczak, Director of the Institute of Statistics and Demography, SGH Warsaw School of Economics, former Deputy Minister of Labor, former Vice-President of the European Council’s Social Protection Committee

The Questions That Stay With Us: Regulatory Issues to Consider Going Forward 
Speaker: Peter Holtzer, CEO, Oriens Investment Management, former Chairman of the Pension Policy Roundtable, former president and CEO of OTP Asset Management

Emerging Best Practice: Governance, Management, Investment and Fees
Speaker: Dariusz Stańko, Senior Private Pension Expert, OECD

Emerging Best Practice: Sweden’s Experience with 2nd Pillar Pensions
Speaker: Ole Settergren, Director of the Research Department of the Swedish Pension Agency, member of the board of the Second National Pension Fund, former secretary general of the commission to unify public pension administration

Discussion

III SESSION: Panel discussion; closing remarks

Options for Estonia:  Paradigmatic, Policy and Regulatory Reform Alternatives
Moderator: Csaba Feher, Senior Economist in the Fiscal Affairs Department of the International Monetary Fund

Results from the Morning: Summary of Issues and Policy Responses
Speaker: Dariusz Stańko, Senior Private Pension Expert, OECD

The Way Forward: Options for Reforms
Speakers:
Ardo Hansson, Former Governor of  the Bank of Estonia
Andres Viisemann, Member of the Supervisory Board, LHV
Indrek Neivelt, Independent Expert
International Experts

Q&A With the Expert Panel

Closing Remarks: Conclusion and Next Steps

Speakers:
Cheikh Anta Gueye, Mission Chief, International Monetary Fund
Madis Müller, Governor of the Bank of Estonia