IMPLEMENTATION OF THE RETIREMENT AND SOCIAL PROTECTION LAW IN LEBANON

The Law No. 319 dated December 22, 2023 constitutes a historic station in the process of developing social security legislation in Lebanon. This law - published in the Official Gazette No. 53 on 28/12/2023 - amended some provisions of the Social Security Law and established the retirement and social protection system in the National Social Security Fund. The adoption of this legislation was the result of efforts that lasted about twenty years of studies and consultations on the reform of the end-of-service system, where the adoption of a pension system was repeatedly postponed despite the urgent need for it. The issuance of the law coincided with difficult economic conditions that highlighted the inadequacies of the previous regime; as end-of-service indemnities lost their value significantly as a result of the collapse of the exchange rate and inflation.