Tunisia: Ageing population highlights need for supplementary pension plans
Source: Middle East Insurance Review | Nov 2020
The Tunisian population has entered a demographic phase which raises questions over the sustainability of the pensions system, according to Mr Skandar Lahrizi, technical director at Hayet Insurance.
The demographic projections made by the National Institute of Statistics show that the trend is towards, on the one hand, a decrease in fertility and infant mortality, and, on the other hand, an increase in life expectancy, Mr Lahrizi told the publication La Presse.
Supplementary retirement financing plans are a choice for future retirees wishing to overcome the problems posed by the current pay-as-you-go retirement scheme in which the working population supports the pensions of retirees, he said.
Tax exemptions or deductibles granted to insurance plans that allow people to save for retirement will make these products attractive, he said. M