Suriname’s Vice President Gregory Rusland has convened with an Inter-American Development Bank (IDB) delegation to review progress on the nation’s comprehensive pension system reform. The high-level meeting focused on ongoing evaluations of the General Pension Fund and multiple retirement schemes, targeting August 2026 for finalized recommendations toward a more equitable and sustainable pension framework across both public and private sectors.
Suriname’s current retirement landscape is characterized by fragmentation and complexity, with multiple administrators operating different pension arrangements. A specialized team comprising actuarial experts, policy planners, legislative attorneys, and labor specialists is leading the technical assessment process. The IDB provides both financial backing and technical assistance for this ambitious reform initiative.
The collaboration, formally established through an August 2025 agreement, emphasizes stakeholder inclusion with active participation from employer associations and worker representatives. This approach aims to develop consensus-driven reform proposals that address systemic challenges while ensuring broad-based support.
IDB representatives Juan Villa and Derek Osborne conducted the progress assessment during meetings with Vice President Rusland, who chairs the Security Systems Subcommittee within Suriname’s Council of Ministers. Rusland received comprehensive briefings on current developments and stressed the government’s commitment to establishing a robust, future-proof pension system that guarantees retirement security for all citizens.