
The National Social Security Fund CNPS of Ivory Coast has unveiled a series of structural reforms aimed at ensuring the sustainability of the pension system and enhancing benefits. These reforms, adopted by the Council of Ministers in October 2025 and effective since January 2026, were presented during an information session at the "Matinales de la CGECI" on April 8, 2026, in Abidjan. A key aspect of the reform is the revaluation of the minimum pension, which has doubled from 30,000 to 60,000 FCFA, a 100% increase. Additionally, a floor of 37,500 FCFA has been set for the proportional pension. The calculation of benefits has also been modified to include a progressive annuity rate mechanism: 2% for the first 15 years of employment and 1.7% for subsequent years. A significant advancement for beneficiaries' rights is the introduction of a cumulative orphan's pension. In the event of one parent's death, 50% of the pension is now distributed among the orphans. If both parents pass away, each child receives 20% of the pension, up to the total pension amount. According to Mr. Idriss Traoré, Deputy Director General in charge of Operations, these adjustments are designed to anticipate retirement challenges within Ivory Coast's evolving economy. The CNPS, which manages the social security scheme for the private and similar sectors, aims to strengthen the safety net for Ivorian workers at the end of their careers.
Free daily or weekly digest of the most important stories from across 10 countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Abidjan.net.