Tibor Andras Parniczky (He / Him)

Tibor Parniczky is a senior expert of pension system development, with wide range of experience in public and private pension, employee benefit regulation and supervision, actuarial modeling. He has gained his key experiences of pension systems as one of the main architects of the Hungarian pension reforms during the wake of the world-wide old age crisis. His participation in the process established his civil service career and relations with international organisations (the World Bank, OECD and the EU). He was responsible for the development, regulation and supervision of the funded pension pillars. The implementation included system development, legislation, as well as liaising with stakeholders, public information campaign and international organizations. He was become a leader of the Supervisory Authority of the Pension and mutual Funds and participated in the merger to the consolidated Financial Supervisory Authority of Hungary. He also has civil service experience with the Ministry for National Economy/Ministry of Finance in budgeting and monitoring the social security pension fund (State Treasury and National Administration of the National Pension Insurance). Working in the Ministry and its institutions he was under the Secretariate of Public Finances with responsibility of the State Budget. He has been representing Hungary on committees, task forces and working groups of the OECD and the EU and international actuarial organizations (EU and world-wide). He was the initiator and founder of the International Organization of Pension Supervisors. Using his own experiences and international relations Tibor has gained a wide consulting experience. He worked on a common project of the USAID Partners for Financial Stability program and the OECD, covering countries from the Baltic region, Central Europe and Republics of the former Yugoslavia. His task was to liaise with governments and donor organizations, implement research and training programs, collect, analyze and disseminate best practices. His other consulting practice has covered Mongolia, Ukraine, Russia, East Africa, Moldova, Macedonia, and Kosovo. At Hewitt Associates (now Aon), the global HR and Employee Benefit consulting firm he was involved in international, or rather multinational pension and employee benefit projects. He graduated in mathematics at Eötvös Lóránd University and economics at Budapest Economics University (Hungary), and got actuarial training in program of the City University of London (UK) and the Economic University (Hungary). Based on his actuarial background he also studied risk management and related issues of other financial sectors, and was a guest lecturer of the Budapest Economic University. Tibor has been preparing a series of discussion papers to the AAE on actual topics in social security. He is a delegate to the International Actuarial Association and the to the Actuarial Association of Europe and member of the Actuarial Committee of the Joint Staff Pension Fund of the United Nations (UNJSPF).