Guideline 60. Changes in contribution rates and benefit entitlements

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To maintain its financial sustainability, the contribution rates are set according to the promised benefits of the social security programme.

Guideline code
GG_07800
Mechanism
Mechanism
  • The actuarial measures may include benchmarks, leading indicators or trigger mechanisms to indicate when and by how much contribution rates and/or benefit entitlements should be adjusted to ensure the financial sustainability of the programme.
Parent
B. Guidelines for Specific Areas in Social Security Administration
Structure
Structure
  • It is the responsibility of the board and management to ensure that the promised benefits are supported by the programme contribution rate to ensure the actuarial soundness of the programme, as defined by its financial sustainability and actuarial measures.
  • The board and/or management may propose to the designated authority changes in contribution rates and/or benefit entitlements to ensure the financial sustainability of the programme.

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Guideline 60. Changes in contribution rates and benefit entitlements
Type
Guideline_1
Weight
82