Social Security Fund proposes lowering pension adjustment threshold to 2%

The Social Security Fund (FSS) presented a proposal to optimize the pension adjustment mechanism during a plenary session yesterday with the Standing Committee for the Coordination of Social Affairs, receiving unanimous support from both employer and employee representatives. The proposed changes are designed to help elderly residents maintain their purchasing power as the cost of living rises, while also ensuring the long-term financial health of the pension system. Currently, the government only reviews whether to raise the old-age pension when the cumulative inflation rate reaches 3%. The problem with this trigger is that it can take years for inflation to […]

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