Algeria: President Bouteflika's Directives Reflect State's Commitment to Intergenerational Equity Principle

Minister of Labour, Employment and Social Security Mohamed El Ghazi affirmed Thursday in Algiers that President of the Republic Abdelaziz Bouteflika's directives relating to the retirement law reflect state's commitment to the principle of intergenerational equity and its willingness to preserve to the financial balance of the National Social Security Fund (CNAS)."

While presenting the bill on retirement before the Committee of health, social affairs and national solidarity of the Council of the Nation "Upper House of Parliament," El Ghazi stressed the amendment to the bill, which provides for a two-year transitory period allowing employees to benefit from retirement, "proves State's commitment to the principle of intergenerational equity and its willingness to preserve to the financial balance of the National Social Security Fund (CNAS)."

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