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MISSOC Archives 2003

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Financing Table ISpain France Ireland Iceland ItalyCurrent income financing ("pay asyou go") and creation of a singlestabilisation fund (Fondo de estabilizaciónúnico) for the whole social securitysystem.Current income financing ("pay asyou go'".Current income financing ("pay asyou go").National pension (lífeyrir almannatrygginga):Current income financing ("pay-asyou-go").Supplementary pension (lögbundnirlífeyrissjóðir):Funded.Current income financing ("pay asyou go").Financing systems forlong-term benefits1. InvalidityCurrent income financing ("pay asyou go") and creation of a single stabilisationfund for the whole socialsecurity system.Current income financing ("pay asyou go").Current income financing ("pay asyou go").National pension (lífeyrir almannatrygginga):Current income financing ("pay asyou go").Supplementary pension (lögbundnirlífeyrissjóðir):Funded.Current income financing ("pay asyou go").2. Old-ageCurrent income financing ("pay asyou go") and creation of a single stabilisationfund for the whole socialsecurity system.Current income financing ("pay asyou go").Current income financing ("pay asyou go").National pension (lífeyrir almannatrygginga):Current income financing ("pay asyou go").Supplementary pension (lögbundnirlífeyrissjóðir):Funded.Current income financing ("pay asyou go").3. SurvivorsEmployment injuries:Funding in respect of permanentpensions administered by the employmentinjuries mutual benefit societiesor by the firms (not by theNational Social Security Office, InstitutoNacional de la Seguridad Social,I.N.S.S.).Occupational diseases:Current income financing ("pay asyou go").Current income financing ("pay asyou go").Current income financing ("pay asyou go").National occupational injury scheme(slysatryggingar almannatrygginga):Current income financing (“pay-asyou-go”).Supplementary pension (lögbundnirlífeyrissjóðir): Funded.Mixed system: "pay as you go" andfunded system. Formation of a mathematicalreserve representing thecurrent values of permanent pensions.4. Employment injuries andoccupational diseases103

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