Resource
Pensions. Recent reforms and experiences of pension schemes
The experience of the National Social Security Fund
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Summary (English)
The document presents the Guinean socioeconomic context and gives an overview of growth and demographic indicators. It describes the scheme managed by the National Social Security Fund and its four branches: pensions; occupational risks, family benefits and health insurance.
To face a number of problems such as the ageing of the salaried population, the non-renewal of the labour force on reaching retirement, etc., and those linked to the legislation of 1994 about pension calculation, a series of reforms were proposed after an actuarial valuation of the scheme in 2001, and are presented in this document. These reforms include inter alia an increase in the ceiling for salaries on which the contributions are based, higher statutory retirement age, improvement of the reference salary, improvement of membership and collection of contributions.
Note
ISSA Regional Conference for Africa. Lusaka, Zambia, 9-12 August 2005