The government approved, during its Ministers' Council, the reform of the social security's reserve fund to give its management more flexibility. The reform, which received the approval of the economic and social council, notably allows investing parts of the reserve in varying private income funds in order to try to combine investments' security and better profit, by diversifying the risks. Investments will take into account the principles of social and environmental responsibility. (Ref. 070514)
The Ministry of Labour and Social Affairs underlined the fact that the text follows the recommendations made by the accounting court and takes into consideration the evolution of other countries’ reserve fund during the past few years. The reform plan was born from the agreement on the social security reform, signed on June 13, 2006, between the government and social partners. It became necessary because of the reserve fund’s large growth, for which the total of liabilities amounted, in Februar
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