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Social security reform to be approved.

QUITO -- Congress was due to give final approval to a range of measures intended to reform the country's social security system. After two years of debate, the law will create two parallel pension systems, one maintained by the state and the other a series of private pension funds created by mandatory contributions by individuals. The state system will serve low-income workers, while high-earning workers will fund their own accounts. The private system will still be administered by the government. The public health system also is the subject of reforms under the new law.
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Title Annotation:Ecuador
Publication:America's Insider
Article Type:Brief Article
Geographic Code:3ECUD
Date:Jul 12, 2001
Words:93
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