An actuarial report has been finalized and officially submitted to the Government in November 2017.
Outcome achieved
An actuarial report, which was launched in October 2016, has been finalized and officially submitted to the Government in November 2017, along with policy recommendations for the design of an evidence-based old-age protection system.
ILO's contribution to the outcome
The ILO supported the comprehensive actuarial valuation of the public and private pension systems, and based on this valuation, the ILO provided the Government with policy options for the reform of the existing scheme and expansion to a universal old-age protection system.
International Labour Standard
Both the ILO’s Social Protection Floors Recommendation, 2012 (No. 202) and the Social Security (Minimum Standards) Convention, 1952 (No. 102) were key references in relation to the national social protection system’s gaps and provided guidelines for the national dialogue, the actuarial valuations and the establishment of goals.
Social dialogue
The ILO promoted the participation of workers’ and employers’ organizations during the process, building their capacity to engage in meaningful social dialogue on key social protection issues.