We believe that the price reference system is no longer fulfilling its regulatory role. The elasticity of the rice ranges proposed was such that its application did not enable the Fund to fulfil its institutional mission.

The SETTING THE RATES RIGHT experiment is a managerial decision taken by the top management of the National Social Insurance Fund, Cameroon (Caisse nationale de prévoyance sociale (CNPS)) in June 2008 to ensure serene management of the Fund's resources on behalf of social beneficiaries.

The economies which we expect to realise in the six-month period following introduction of the SETTING THE RATES RIGHT project should, with the planned payment of all unpaid benefits on record and in line with actuarial projections, help to make noble ideals such as a higher standard of living for old people, a reality.