“The government says that at age 65, someone with 30 years of contributions will have a replacement rate that today is reached at age 60 (45%). But it does not say that the current bonus of Art. 28 is replaced by a solidarity supplement that liquefies over time, ”says Ruiz.
According to the calculations, “the Basic Retirement Salary (SBJ) will be calculated based on the best 25 years worked (today they are the best 20 years), and the current bonus associated with the last 10 years of work career is eliminated” .
When the pension reform is fully in force in 2043, (the first year of full application of the proposed system), “someone who retires with $36,000 under the current regime, with this reform will retire 5 years later with $28,000 (about $ 8,000 less)”.
The director of the BPS for the workers, maintains that “it is essential to correctly inform the population about the impacts of the proposed reform. We continue to affirm that the social security system needs a reform but not this one; a truly fair, balanced and solidary reform is possible”.
