The National Social Security Fund (NSSF) headquarters in Beirut, in September 2023. (Credit: Mohammad Yassine/L'Orient-Le Jour)
BEIRUT — A proposal to partially restore the value of end-of-service indemnities eroded by the Lebanese Lira’s collapse for employees who retired during the crisis is currently being considered, the newly appointed chairman of the National Social Security Fund’s (NSSF) board, Bechara Asmar, told L’Orient-Le Jour.Submitted in 2024 by MP Faisal Karami (Dignity Movement), the proposal concerns private-sector employees, as well as public-sector workers governed by the Labor Law — namely those who do not benefit from the Cooperative of Government Employees — who left employment between 2019 and 2024, after reaching Lebanon’s retirement age of 64. It would cover both those who collected their indemnities after their value had collapsed and those who retired but have yet to withdraw them. More from Stephanie No surprises: ABL reappoints Salim...
BEIRUT — A proposal to partially restore the value of end-of-service indemnities eroded by the Lebanese Lira’s collapse for employees who retired during the crisis is currently being considered, the newly appointed chairman of the National Social Security Fund’s (NSSF) board, Bechara Asmar, told L’Orient-Le Jour.Submitted in 2024 by MP Faisal Karami (Dignity Movement), the proposal concerns private-sector employees, as well as public-sector workers governed by the Labor Law — namely those who do not benefit from the Cooperative of Government Employees — who left employment between 2019 and 2024, after reaching Lebanon’s retirement age of 64. It would cover both those who collected their indemnities after their value had collapsed and those who retired but have yet to withdraw them. More from Stephanie No surprises: ABL...