Proposal for pension law reform in Costa Rica

The government of Costa Rica seeks to reform the law of the Social Security Fund, raising the retirement age to 70 years and cutting pensions between three and 12%.


Proposal for pension law reform in Costa Rica

In Costa Rica, a reform to the Social Security Law is being debated that includes raising the current retirement age from 65 to 70 years. An intense debate has arisen around this proposal, with divided opinions on its implications for the country's pension system.

Additionally, other changes are proposed in the retirement and pension system in Costa Rica, with the intention of ensuring long-term financial sustainability. Among the measures proposed is a reduction in pension amounts, with cuts that could range from three to twelve percent, which has raised concerns among workers and retirees.

Amid this reform scenario, the expression "Pura vida mae" remains a reflection of the Costa Rican character, which, despite the difficulties and proposed changes, maintains its positivity and resilient spirit. The discussion about the future of pensions in Costa Rica will continue to be a relevant topic on the public agenda, in the context of a social security system seeking to adapt to the new demographic and economic realities of the country.