2023-06-15 02:08:28
The projections announce an increase in the number of insured persons and employers affiliated to the National Social Security Fund over the period 2024-2026. Income and expenses would follow the same rhythm with an average net result of 79.7 billion F CFA.
What a MIDA
The number of insured persons of the National Social Security Fund (CNSS) would increase from 444,598 in 2024 to 492,509 in 2026, i.e. an increase of 10.8%; that of employers would increase by 7.1% in 2026 compared to 2024. These are the projections contained in the Multiannual Budgetary and Economic Programming Document (Dpbep) 2024-2026. For the year 2023, the number of insured persons was expected at 421,747, i.e. a forecast increase of 7.4% compared to 392,733 in 2022, and that of affiliated employers at 48,871, i.e. an increase of 2.5% compared to the 47,700 recorded in 2022, provides the Cnss.
On the financial level, the net results will be strengthened in the medium term, coming out on average at FCfa 79.7 billion over the period 2024-2026, according to the outlook announced by the Cnss. To do this, revenue would increase by 3.4% to stand at CFAF 150 billion in 2026, after CFAF 145 billion in 2024. With regard to expenditure, it would stand at CFAF 74 billion in 2026 against FCfa 63 billion in 2024, thus posting an increase of 17.5%.
As a reminder, although the workforce of insured persons and employers experienced a sustained increase over the period 2020-2022, the products of the Cnss recorded an average decline of 6.3% over the period, going from 155 billion CFA francs to 2020 to FCfa 143 billion in 2021 to settle at FCfa 136 billion in 2022, according to Caisse data.
Strategies
An actuarial assessment by the Cnss carried out in 2020 revealed the good financial health of the branches of family benefits and occupational risks, while the branch of pensions would show an imbalance by 2025 if nothing is done. In order to correct it without an overall increase in the contribution rate, the reallocation of the contribution rate from family benefits to the pensions branch is envisaged. The rate of family benefits would increase from 9% to 6% and that of pensions from 10% to 13%, according to the recommendations of the evaluation. It is also agreed to broaden the wage base for calculating pensions. Thus, the average monthly remuneration will be calculated by taking the last 8 years of contributions instead of the last 5 years, to change the technical charges less quickly than the contributions.
Over the 2024-2026 period, the Fund’s management policy will consist of providing quality services to users-customers, guaranteeing the sustainability of the general social security system and providing it with an efficient organization. The fund’s actions will focus, among other things, on strengthening the institution’s institutional capacities, providing qualified and motivated human resources, overhauling procedures and forms, deconcentrating the settlement of long-term benefits agency level. The strategy also provides for the strengthening of the partnership with the users-customers of the Cnss and with all the external structures involved, the recovery of at least 97% of the contributions, the diversification of the investments, the increase in the rate of social coverage. Other measures aim to control major risks, ensure better internal control and put a new computer system into production.
Projection of the workforce of insured persons and employers affiliated to the CNSS over the period 2024-2026
Outlook for CNSS revenue, expenditure and results over the period 2024-2026 (in billions of FCFA)
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