Hassan Al-Sitri
The government has reservations about a parliamentary draft that prevents the total returns received by the General Authority for Social Insurance in exchange for replacement from exceeding 150 dinars, explaining that the draft law does not achieve fair financial sustainability, but rather places indirect financing burdens on future generations to compensate for the lack of resources, which undermines one of the basic principles of social insurance, and threatens the balance between protecting current and future generations within the system. Pension.
She stated that the proposed draft law raises a number of fundamental problems that affect the legal, financial and actuarial foundations on which the retirement system is based, and negatively affects its sustainability and fairness.
According to the government, at the technical level, the project violates the insurance and actuarial principles on which the replacement system is based, and empties it of its content as a complementary tool based on individual assessment of risks. It also contradicts the principle of collective solidarity as one of the basic pillars of social insurance systems based on the distribution of risks and solidarity among participants.
On the financial level, the project undermines the flexibility of the system and disturbs the long-term financial balance, by imposing future burdens on groups that have not benefited from current benefits, which raises legal questions related to the principle of justice in distributing obligations and risks among participants.
The government expressed its hope that this memorandum, with the observations and analyzes it contained, would contribute to providing a clear and comprehensive vision of its position on the proposed draft law, and to supporting constructive dialogue with the esteemed House of Representatives, in a way that enhances the efficiency of public policies, achieves the public interest, and preserves the stability of the retirement system and the rights of the insured, in the short and long term.
