Andorra CASS Posts €24.6M General Deficit, €25.1M Retirement Surplus in Q3 2025
Andorran Social Security Fund beats full-year projections with workforce growth driving revenues, despite rising expenses; board approves digital.
Key Points
- General branch: €24.6M deficit vs. €33.11M yearly forecast; revenues €152.4M (+7.6%), expenses €177M (+8.8%).
- Retirement branch: €25.1M surplus vs. €17M forecast; revenues €167.3M (+8.2%), expenses €142.2M (+12.1%).
- Contributors up: salaried +3.4% to 46,857, self-employed +6.6% to 9,257; retirement pensioners +4.7% to 18,276.
- Board approves electronic 'fulls grocs' forms from Jan 2026 for faster processing and online tracking.
The Andorran Social Security Fund (CASS) recorded a €24.6 million deficit in its general branch for the third quarter of 2025, below the €33.11 million projected for the full year, alongside a €25.1 million surplus in the retirement branch that surpassed the €17 million forecast.
These results, confirmed during the CASS board meeting on Tuesday, stem from robust workforce expansion. Over the first nine months of 2025 compared to 2024, salaried contributors increased 3.4% to 46,857 by September—a 2.7% year-on-year rise. Self-employed contributors grew 6.6% to 9,257, while indirect insured stood at 18,785. General branch pensioners dropped 5.5% to 2,511, comprising 2,174 on disability, 336 on orphan's pensions, and one on ancestor review. Retirement branch pensioners rose 4.7% to 18,276, including 16,574 retirement pensions and 3,599 widowhood pensions (75 temporary), for a dependency ratio of 2.93 active insured per pensioner—a 1.7% decline from last year.
In the general branch, revenues reached €152.4 million, up 7.6% from Q3 2024, with €136.7 million from salaried and self-employed contributions and €15.7 million from economic benefits such as sick leave and pensions. Expenses climbed 8.8% to €177 million, including €113.9 million for healthcare (up 7.6%) and €63.1 million for economic benefits (up 10.9%).
The retirement branch generated €167.3 million in revenues, a 8.2% increase: €157.6 million from contributions, €4.5 million from economic benefits, and €5.2 million in government transfers for non-contributory pensions. Expenses rose 12.1% to €142.2 million, with €137 million for contributory pensions (up 12.8%) and €5.2 million for non-contributory (down 1.7%).
The board approved updates to "fulls grocs" (reimbursement forms) management, securing agreements with non-contracted healthcare centers to switch from paper to electronic submissions. This aims to cut manual processing and speed up resolutions. Starting January 2026, insured individuals can monitor their forms' status in the CASS portal's private area.
Original Sources
This article was aggregated from the following Catalan-language sources: