It was after a meeting with the president of the Social Security Institute (IPS), Vicente Bataglia, who was invited to find out his position regarding the legislative document.
The president of the advisory body said that this initiative seeks the financial strengthening of the pension, for which the development of an investment program and financial placements of IPS reserves is established.
The project explains that the assets of the IPS must be used to face the current and future commitments with the insured and that in order to face this reality, sustainability of the assets is required, both in the medium and long terms.
“The idea is to increase the profitability of investments. “In this sense, the 2021-2100 actuarial valuation shows that for each increase of 1 percentage point in profitability, the solvency of the fund is extended by approximately 2 years; thus, it will also mean a source of income that allows us to meet the needs of the Sickness and Maternity Fund”, said deputy Arnaldo Samaniego.
It must be remembered that Bataglia belongs to the Samaniego group, specifically to the Lilian Samaniego clan, considered to be the “owner” of the IPS.
The entrance They want to get their hands on the IPS funds: commission in charge of Samaniego gives ‘ok’ to Bataglia was first published in diary TODAY.
