Descriptions of the major social security reforms in social protection schemes worldwide since 1995, including information on existing and planned changes to social security systems. Social security reforms are compiled by the ISSA Social Security Observatory.
A partial amendment to the Federal health insurance legislation (LAMal) came into effect on 1 January 2011. It is intended to provide a new mechanism for financing home care and care provided in medico-social establishments (Etablissements médico-sociaux (EMSs)).
On January 1, changes to Guatemala's pay-as-you-go (PAYG) public pension system went into effect, raising the minimum retirement age for new entrants to the labor force from age 60 to 62 and the minimum years of contributions required for a benefit from 15 years to 20.
On March 1, a new guaranteed monthly minimum pension was introduced, supplementing the income-tested universal pension. Expenditures from the guaranteed pension are expected to amount to approximately EUR 94 million (USD 130 million) in 2011.
On March 1, the Parliament of Malawi adopted a bill establishing a system of mandatory individual accounts for most workers in the country.
On March 17, Quebec's Minister of Finance announced the budget for 2011-2012, which includes adjustments to the Quebec Pension Plan (QPP)-the province's mandatory earnings-related pension program-and the introduction of new voluntary retirement savings plans (VRSPs).