News Middle East13 Oct 2020

Tunisia:Ageing population highlights need for supplementary pension plans

| 13 Oct 2020

The Tunisian population has entered a demographic phase which raises questions over the sustainability of pension systems, 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.

He said that 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 that insurers offer products that allow people to save for retirement. Tax exemptions or deductibles granted to these insurance plans also make them attractive, he indicated.


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