Costa Rica’s pension system faces crisis
With elections approaching next year, pension reform could be one of the new government’s greatest challenges
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In this article
- The 2016 December report
- Drivers of the crisis
- Population ageing
- Weak economic performance
- Decreasing number of workers per pensioner
- Unsustainable, politically motivated increases in minimum pensions
- Non-paying companies
- Government debt
- Ineffective risk management within the CCSS, with a risk committee made up of low-level public servants
- Cross-subsidies from the pension reserves to healthcare
- Proposed solutions
What is this?
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