[9457]
December 5, 1997
TO: ACCOUNTING POLICY SUBCOMMITTEE No. 2-97
INTERNATIONAL COMMITTEE No. 44-97
RE: REQUEST FOR SPEAKERS AT HUNGARIAN PENSION CONFERENCE
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The Hungarian mandatory defined contribution system will begin on January 1, 1998. The new
system establishes a mandatory defined contribution system to supplement Hungary’s pay as you go
social security system. Attached is a brief description of the new pension system.
The State Private Funds Supervision (SPFS) will hold a two-day pension conference on January
29 and 30, 1998 and is interested in finding one or two Institute members to speak about the role of
mutual funds in retirement savings systems. Participants would have to pay their own travel expenses.
If you are interested in participating as a speaker in this conference, please contact Russell Galer,
Associate Counsel-Pension, at (202) 326-5835 as soon as possible.
Mary S. Podesta
Associate Counsel - International
Attachment (in .pdf format)