Costa Rica News – Live longer, work longer…..is this the new Costa Rica motto?
Employers are discussing with employees and the State the possibility of raising the pension age from 65 to 67.
Some sectors are considering whether to reduce the percentage of salary received as a pension to 40% instead of 60% and, of course, workers oppose.
State and labor representatives discussed these two key issues on Monday, after an extension to present a proposal for reform of CCSS pensions. The deadline for the proposal is October 31.
Those familiar with the matter explain that negotiations are progressing although their are still differences among parties.
They are all interested in coming to an agreement.
UCR’s School of Mathematics warns that the system is going to enter into crisis around 2030 if nothing changes.
It’s report suggests adjusting the number of quotas to retire along with increasing the age and decreasing the payout.