“RED TV”
Episode 315 – Economy discussed with the Financial Director of Social Security, Mr. Shawqi Bounassif, Lebanon’s transition from the end-of-service compensation system to the retirement pension system, in a step that is supposed to provide the employee with a stable income after the end of the years of work.
The episode tried to answer many questions: When will the actual implementation begin? Who is entitled to receive the pension? How will it be calculated? How much will the pension be compared to the salary the employee receives during his years of work?
The episode also examined the details of the new retirement system, the mechanisms for calculating the pension, its funding sources, and the fate of the insured’s funds. In light of the financial collapse and the erosion of purchasing power, the most important question remains: Can the pension system provide a decent and sustainable pension that protects the employee after retirement? Who guarantees that this pension will not lose its value with inflation?
