Social security for all

Yesterday we celebrated the CIESS 46 anniversary. We organized several conferences. Expositors gave several important messages, but we would like to highlight three that we believe are very important:
1. The social security is the best tool to face the global crisis, it has been proven in the past and will be corroborated in the future.
2. The distinction between defined benefit / public systems, on one hand, and defined contribution / private systems on the other, is useless to analyze the main impact the current economic crisis has had on pension schemes: the huge losses reserves / savings have registered. The determinant factor of the performance of the funds has been the way decisions are taken and the corporate governance of the funds.
3. The economic crisis will be overcome, but social security systems around the world should start preparing to face future known risk, such as the aging process, the technological change and the climate change.