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Question 6 : Which are the main principles of the ILO convention 102?
>> Principle 5 : Adjustment of Pensions
The adjustment of pensions in payment is one of the principles laid down in all up-to-date social security Conventions in order that pensions, once in payment, keep the purchasing power which they had at the date when they were awarded. Accordingly, the rates of periodical payments must be revised following substantial changes in the general level of earnings and/or substantial changes in the cost of living.
Principle 6 : Right of Appeal