Mr. Pedro Corona B. President International Federation of Pension Funds Administrations (FIAP)

1. II INTERNATIONAL PENSION CONFERENCE Mr. Pedro Corona B. President International Federation of Pension Funds Administrations (FIAP)

2. INTERNATIONAL FEDERATION OF AFP’s Founded:03 May, 1996. Members: Associations and entities of countries that have a legaly established Pension Funds Administrations System or that are carrying out reforms to their social security systems. Objective:Promote, Coordinate, Protect, Rationalize and Unify the efforts and activities of the associates in the environment of the Individual Capitalization and Savings Systems existing in each country.

3. FIAP: Objectives • Diffusethe Individual Capitalization and Savings Systems. • Promotethe development of the systems. • Represent the associated entities. • Provide collaboration to the public and private authorities, as well as foreign and international entities. • Promote Laws and rules and regulations destined to encourage and improve the individual savings and capitalization systems. • Maintain relationships with similar international entities, with the objective of exchanging ideas and experiences. • Create technical organisms non-resolution, destined to gather, study, systematize and elaborate supportive material, for its diffusion.

4. FIAP: Integrated by 15 Latin American Countries ARGENTINA CHILE MEXICO BOLIVIA ECUADOR PERU ELSALVADOR DOMINICAN REPUBLIC BRAZIL COLOMBIA GUATEMALA URUGUAY HONDURAS VENEZUELA COSTARICA

5. FIAP: Integrated by 6 European Countries KAZHAKSTAN BULGARIA POLAND SPAIN RUSSIAN FEDERATION UKRAINE

6. FIAP Funds and Affilaites Year 2000

7. FIAP

8. Our Task • Promote the change from the pay and go systems to individual capitalization and savings accounts. • In front of globalization processes, we look for: • Establishing rules and regulations that will facilitate transfer of social security savings of affiliated workers that change their country of residence. • Establish rules and regulations that facilitate the investment of investment flow from the social security funds. • Internationally diversify the portfolio contents.

9. Our Task • Tend to a homogeneous ruling and regulations set, which allows channeling the resources into infrastructure projects, that in turn assure economic development of the countries, a better life quality, and an adequate yield income which in turn allows to pay good pensions. • Maintain a fluid relationship with the International Association of Pension Funds Supervisory Organisms (AIOS), with whom jointly, we may achieve important consensus to improve the system.

10. Our Task • In relation to benefits: • Homologate the rules and regulations and requirements to grant the elderly, disability and survival pensions. • Make Governmental guarantees equivalent in the different individual capitalization systems. • Increase coverage, incorporating to the Social Security systems all the independent workers. Our goal is:a social security with no workers excluded.

11. II INTERNATIONAL PENSION CONFERENCE Mr. Pedro Corona B. President International Federation of Pension Funds Administrations (FIAP)