Lebanon’s Pension System

For many workers in the Lebanese private sector, reaching retirement age entails confronting an ambiguous future with inadequate access to social protection. This yields a large section of the population with meager income in old age, susceptible to falling into poverty.

According to the IMF report “Sustainability and Equity Challenges: Some Arithmetic on Lebanon’s Pension System”, Lebanon is the sole country in the MENA that does not offer social security for retirees in the private sector. Despite the fact that several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs escalate with every year of delay, so action is required soon to address these challenges.

To read the full report, click on the link below:

Lebanon’s Pension System

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