Costa Rica May Cutback
Pensions
The Caja Costarricense
de Seguro Social (CCSS)
- Costa Rican
Social Security System
- is considering
eliminating the high-end
benefits paid to
citizens over 60, on
permanent disability, or
upon death.
Jose Alberto Acuña,
Pensions general
manager, explained that
a technical group of his
department is analyzing
the advantages such a
change might bring.
According to La Nación
daily, final
recommendation would be
presented in two months
for consideration of the
institution's board of
directors.
As explained by Acuña,
the current system does
not offer incentives to
the 2.7 percent of the
workers who pay more
than 12 percent of what
is collected by the
program.
However, Chamber Union
representatives
commented that to have
such a ceiling would not
give highly paid
professionals motivation
to retire, because they
would collect much less
than their salaries.
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