Comprises a collection of 16 papers on the development of the social security system, based on individual capitalization, from its launching in 1981 until March 1990. Includes papers which discuss, inter alia, the three operation development areas which make up the system (the benefits, the financial management and the operational control) the transition from pay as you go to an individual saving system, the incorporation of the armed forces and police into the capitalized contributions system, and pension system reforms in other countries.