A deficit of 580 billion dinars recorded by the CNR (Zemali)

Algeria – The financial situation of the National Pension Fund (CNR) is still critical, despite the cancellation of early retirement since 2016. The figures provided on Thursday by the Minister of Labor, Employment and Social security, Mourad Zemali are worrying, or 580 billion dinars deficit recorded by the Fund.

Zemali said today that the CNR has a deficit of about 580 billion dinars, which is a real constraint to cover the pensions of pensioners. In this regard, he states that these current financial imbalances of the CNR are due to the massive retirements of workers at the age of 60.

The Minister points out that the worker can continue to work until the age of 65 according to the law in force

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