Strengthening the link between contributions and benefits improves the system of incentives, reduces the disparities between different categories of workers and permits flexibility in deciding retirement age. The other countries that face demographic problems similar to ours are also moving in this direction.
The updating of the conversion coefficients makes it possible to take the lengthening of life expectancy into account, although with considerable delay, and this is essential for long-term equilibrium between the outlays and receipts of the pension system.