An international seminar focusing on the financial sustainability of social security systems and strengthening institutional capacity has commenced.
The seminar is organised by the International Social Security Association (ISSA) in collaboration with the Maldives Pension Administration Office.
The two-day seminar is being held at Crossroads, and the opening ceremony was officiated by Attorney General, Ahmed Usham. Also present at the ceremony were officials from ISSA, the Chief Operating Officer of the Pension Office, Mariyam Shiuna, and representatives from various institutions.
The seminar includes discussions on challenges faced by social security systems in the Asian region. It will also cover issues such as ageing populations, changes in labour markets, and broader economic uncertainties.
Three main focus areas have been identified for the seminar. These include increasing participation in social security systems, adapting to labour market changes, and addressing fraud and misuse. In addition, discussions will explore reforms to reduce rising costs associated with ageing populations, as well as measures to ensure system resilience during crises.
Furthermore, the seminar will share experiences on improving institutional governance, using digitalisation and human resources more effectively, and reducing financial burdens through better administrative practices, according to the Pension Office.
The technical seminar, conducted in English, brings together ISSA member countries and organisations from Asia, the Pacific, and Eurasia. The Pension Office noted that the seminar provides an important platform for sharing experiences and innovations among member states, while strengthening social security systems at a regional level.