American Expatriate Costa Rica

A bill to reduce special pensions costs makes headway in the legislative

A bill to reduce expenses of special pensions scheme is making progress in the Legislative Assembly. A motion to trim legal proceedings was approved to discuss the bill.

The bill would reduce the period that sons and daughters can still receive pension benefits on behalf of representatives elected before 1992.

Aditionallly, the bill would wipe out annual pensions increase of 30 percent for this group of representatives, this has represented a heavy financial burden to the state, according to Sandra Piszk, one of the bill sponsors.

Piszk added that these representatives have been getting annual increases much higher than the rest of retired population, whose benefits are adjusted yearly to inflation figures.

The bill also sets a maximum limit of 10 minimum wages to everyone in the special pensions scheme.

Source: Diario Extra.