The President’s recent veto Javier Milei The law on pension mobility has generated considerable rejection, even among opposition sectors that were previously more friendly to his government. This veto, which cancels the updating of pensions, has been perceived as a controversial measure and has triggered a series of adverse reactions in the political and social spheres.
On August 30th, Javier Milei signed a total veto of the pension mobility law, a regulation that had been approved by a large majority in the Senate. The law sought to modify the pension formula and improve the income of retirees, a sector that has been particularly affected by high inflation and the economic crisis in Argentina.
Milei He justified his decision by arguing the need to maintain fiscal balance and avoid what he considers excessive spending by the State. The veto was quick to generate reactions in the opposition. Ricardo López Murphy, a deputy of Juntos por el Cambio (JxC), was one of the first to express his disagreement.
López Murphy, who has had personal and political differences with Milei, anticipated that Congress will seek to reverse the presidential decision if the veto is total. According to him, a partial veto might have been more acceptable, but a total veto is unacceptable and will surely meet resistance in both houses of Congress.
López Murphy also highlighted that Argentina is facing a crisis in social security due to structural problems such as high levels of informal employment and a retirement age that does not match current life expectancy.
He proposed that progress should be made towards a mixed system that combines elements of the Spanish and Swedish systems, where a more direct correlation is established between contributions and pensions. From the government, Milei has defended her decision as a necessary measure to maintain the country’s economic stability.
Retirement mobility
In several interviews, the president has pointed out that the pension mobility law, as approved, would put the fiscal surplus at risk and increase the state deficit. In addition, Xavier Milei He has harshly criticized the “political caste” that, according to him, seeks to destabilize his government and upset the fiscal balance.
The president has also emphasized that his veto is a sign of authority and firmness in the face of a Congress that, in his opinion, is not committed to the reforms necessary for the country. This position has been supported by some sectors of his party and political allies, who consider the veto to be a brave and necessary measure to avoid an economic collapse.
