By undertaking an actuarial valuation, the project will support the MoLSW on assessing the long-term financing
requirements of the future national scheme, the National Social Security Fund (NSSF). This is particularly relevant for the pension branch in order to assess the long-term burden on the state budget, and the sustainability of the benefit provisions stipulated in the new law.
The actuarial valuation will help to assess the cost of alternative policy options and thus will feed into the ongoing design process.
Actuarial report coming soon!