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whendrawinguptheassumptionsforthepaysystemalltheemployees
shouldbegivenanopportunitytoexpresstheiropinion;
thelegislationandregulationsbecomeincreasinglydemandingintermsof
enforcementofworkerrights;
thebasiccostofanypensionschemeequalspaid-outcontributionsplusad-
ministrativecosts;
insurancecostsmayaffectthegeneralcoststructureinanorganisation,but
theyhardlyeverleadtoanydramaticchangeinthelevelofcosts;
youshouldbeprecisewhendefiningobjectivesandcapacitiesofyouror-
ganisationinrelationtopaymentofpensioncontributions;
youshouldrememberthatpensioncontributionsarealong-terminvestment
whichismeanttosurviveanypolitical,economicorsocialchanges;
beforejoiningapensionscheme,youshoulddeterminethesizeofyourfu-
turepension;
whenselectingapensionscheme,youshouldidentifythebasicinvestment
assumptionsregardingyourpensioncontributions,definingrisk,diversifica-
tionandreturnoninvestmentparameters;
youshouldcontrolthesituationregardingsocialsecuritypayments;
inyourpublicorganisationyoushouldassessandmonitortheriskrelatedto
theparticipationinanycollectivepensioninsuranceschemes;
internationalorganisationsshouldconfrontthechallengeofmanagingtheir
riskonaglobalscale;
whenoperatingworldwideyoushouldtakeintoaccount-inyourpublicrisk
managementprogram-variousfactorswhichusuallyoccurtogether;
onaninternationalscalethebestprogramtoprotectyouractivityisawide
portfolioofinsurance;
outsideyourowncountryyoushouldtrynottouseanylong-terminsurance
policies;
inpublicriskmanagementyoushouldconsidersuchthreatsasnationalism,
insteadofunderestimatingthem;
inariskmanagementprogramyoushouldnotignorethelocalconditions-
politicalrisk;
trytostrengthenthevalueofthepublicorganisationbyimplementingacom-
prehensiveriskmanagementsystem;
youshoulddrawupandpromoteariskmanagementmanualinyourorgani-
sation;
youshouldplanyourcooperationwithabrokeroraninsurerwithinthetime
spanofoneyear-measuretheirachievementsandresults;
youshouldcheckwhethertheinformationyoureceiveisreliable;
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