Actuarial review and policy reform
Project properties
CYP/22/01/CYP Europe and Central Asia Cyprus In progress This project is part of the Global Flagship Programme on Building Social Protection Floors for All
Description
Executive summary The project “Actuarial Review and Policy Reform” (the “Project”) aims at supporting the Ministry of Labour and Social Insurance (the “MLSI”) in the reform of the national Social Protection System, primarily aimed towards the improvement of social protection for all. It includes: * the conduct of the Actuarial Review of the General Social Insurance Scheme (the “GSIS”) as of 31 December 2020, primarily aimed to assess its current and future financial position under no policy change scenario; * the reform of the national social security pension system, including the GSIS, with a primary focus on securing an adequate pension income in old-age in the most efficient manner, especially for the vulnerable groups, including workers in non-standard form of employment (the “NSFE”); and * the reform of the GSIS with an aim to extend the coverage of self-employed/ platform workers in the context of NSFE, thus enhancing access to social protection for all.SDG
Goals
- End poverty in all its forms everywhere
Time
18.10.2022 - 18.04.2025
Budget
537,348 / 1,148,877
Development Cooperation