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A meeting of the Social Security Council was held today, 28 July 2023, with the participation of the social partners, to discuss the actuarial adjustment applied to early retirement. The Social Security Services presented the evolution over time of the institutional framework for the retirement age and the applicable regulations, and through the actuarial services of the International Labour Organization supporting the Ministry of Labour and Social Security, a technical analysis of the actuarial adjustment was made by presenting data and figures. Subsequently, a discussion on options for next steps was held, where the views of the social partners were heard and the Minister set out the Government's position on targeted relief intervention that corrects certain existing distortions, in line with the capabilities of the Social Insurance Fund.
Towards this end, the actuarial study with updated data from the Statistical Office following the latest population census will be completed in September.
(MB/SX)
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