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April 19, 2023
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Colorados presented to the president their proposals for changes to the pension reform

Colorados presentaron al presidente sus propuestas de cambios a la reforma jubilatoria

Leaders of the Colorado Party presented this Tuesday to the President of the Republic Luis Lacalle Pou their proposals for changes to the social security reform project.

The meeting was attended by senators Adrián Peña and Germán Coutinho and deputies Conrado Rodríguez and Jorge Alvear.

At a press conference, Senator Adrián Peña, who served as spokesman, said that “the package” of the modifications presented “will not exceed US$ 100 million in cost.”

As explained by the Colorado leaders, the proposals presented refer to the possibility of retiring before the age of 65, particularly at 63, in the event that a worker meets a minimum number of years worked and has made contributions to social security for 38 years or older.

Another of the proposals presented refers to the gradualness of the minimum retirement grounds, that is, the retirement age for those born between 1972 and 1975. The current bill establishes that those born in 1972 can retire at age 60, while that in the case of those born in 1973 the retirement age in the reform becomes 63 years directly. The proposal, which was devised by the deputy Conrado Rodríguez, intends that for each year of birth the retirement age moves one year progressively, without hitting the jump from 60 to 63 years. It would mean that those born in 1973 can retire at 61, those from 1974 at 62 and those from 1975 at 63.

The last proposal made by the Colorados does not imply a specific modification in the social security reform project. It points out that there is a new reduction in the Social Security Assistance Tax (IASS), but no details were given about how much the reduction in the tax paid by retirees would be.

Photo capture of Underlined.

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