Regulatory Alerts2025-09-29 | Resolución SBS 3424-2025SBS Resolution No. 3424-2025: Approves the Regulation on Actuarial Aspects for Benefit Funds
The Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) issued Resolution No. 3424-2025, approving a new Regulation on Actuarial Aspects for Benefit Funds, including the Military Police Pension Fund. This regulation mandates that Benefit Funds design and implement robust technical risk management, including the monthly calculation of technical reserves based on prudent actuarial methods and the annual performance of backtesting studies to ensure their sufficiency. It also requires the appointment of an actuarial professional to oversee reserve calculations and methodologies, and establishes strict requirements for data quality and the periodic monitoring of technical risk indicators.
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