The Communist Party of Malta welcomes the initiative taken by the Government to increase the National Minimum basic pension. This policy is in line with the communist party proposal for the reform of the pension system.
“The Communist Party reiterates its positions against the introduction of the second pillar pension as this will mean part-privatization of the pension system in Malta. The Party praises the Government for not opting to introduce the second pillar”.
“On the other hand the party is concerned with the time period that the full minimum basic pension will mature. The value of the pension than will remain as it is now, in terms of money depreciation. The Party appeals to the Government to find an alternative and just solution for this problem. The pension system should remain under the control of the National Social Security System”.