A La Nación report says the Board of Directors of the Costa Rican Social Security Fund (CCSS) has agreed to set up a technical team to prepare reform proposals for the Invalidity, Old Age and Death (IVM) pension regime, while indicating it is not yet ready to decide on specific measures. The group is scheduled to meet monthly between April and October 2025 and will include representatives of the same constituencies that sit on the CCSS board and finance health and pension insurance: government, employers and workers. Labour-sector organisations (cooperatives, solidarist associations and unions) were asked to coordinate the appointment of three members through assemblies, and the Pensions Management must present the strategic actions formulated to date to the pensions and financial committees by 15 May 2025. The pensions manager also presented national and international analysis and forum conclusions, including scenarios used abroad such as higher contribution rates, greater use of complementary pensions and a higher retirement age.
Superintendencia General de Seguros de Costa Rica 2025-04-15
Costa Rican Social Security Fund agrees to create a technical team to propose adjustments to the IVM pension regime
The Board of Directors of the Costa Rican Social Security Fund has established a technical team to develop reform proposals for the Invalidity, Old Age and Death pension regime. The team, comprising government, employer, and worker representatives, will meet monthly from April to October 2025. Labour-sector organisations are coordinating member appointments, and strategic actions are to be presented by 15 May 2025.