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La Massana Pension Overhaul & Water Fix | Andorra News

La Massana Pension Overhaul & Water Fix | Andorra News

Published 1 month, 3 weeks ago
Description

La Massana parish council just overhauled its staff pension plan, switching from a shared pot to individual accounts with a 1:1 match up to 4% of salary—empowering employees to take ownership of their savings while boosting transparency and fairness. The new system separates pension and CASS contributions, with CASS costs split evenly, and includes safeguards like annual budget adjustments to prevent past irregularities. Meanwhile, the council greenlit a €450,000 contract to restore the Escàs reservoir and revive aging water intakes—critical infrastructure investments to ensure water security amid recurring droughts.

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