The International Conference “Social Security Reserve Fund: ensuring long-term sustainability”.

Organized by the Social Security Reserve Fund and the National Social Security Institute of Timor-Leste, this conference featured a diverse panel of international experts in an important debate on the challenges and opportunities facing the sustainability of Social Security, which celebrates 10 years in Timor-Leste this year.

Among other experts, the Director-General of the Strategy and Planning Office, José Luís Albuquerque, and the President of the Institute for Management of Social Security Capitalization Funds, IP, José Vidrago, both of the Ministry of Labour, Solidarity and Social Security of Portugal, participated in this initiative.

On the first day, José Vidrago addressed the fundamentals and objectives of the reserve funds, and subsequently the performance of the investments. Already on the second day of the Conference, in the context of the panel dedicated to actuarial and demographic sustainability, José Luís Albuquerque referred to the importance of the cohesion of societies and transparency in decision-making, stressing the importance of studies “as a fundamental instrument to support political decision-making, when measures have an impact on several generations”.

Portugal, in the context of the bilateral cooperation developed by the Ministry of Labour of Solidarity and Social Security, has been an important partner in the strengthening of the Social Security System of Timor-Leste, present both in the process of creation and in the phase of consolidation of the System. This support occurs in a constant and consistent way through the institutional training developed with the Ministry of Social Solidarity and Inclusion and its bodies, specifically the National Institute of Social Security and the Social Security Reserve Fund.

Photos: Social Security, East Timor