In the face of repeated consultations, the Caja de Profesionales made available to members information on the draft law submitted to the Executive Power, to provide answers to frequently asked questions, emphasizing that they are provided in the event that the present text is approved without modifications by part of the Executive Branch and the Legislative Branch.
Among them is how the new replacement rate would be calculated if the project is approved. In this sense, the Fund explained that the common retirement allowance would be the result of applying a minimum replacement rate of 45% to the corresponding basic retirement salary for those who, on the date of entry into force of the law, have 50 or less years of age.
Meanwhile, for those between 51 and 56 years of age, the minimum replacement rate would be 47% and for those aged 57 or over it would remain at 50%.
Another question is what would be the minimum age to set common retirement grounds.
The Fund affirmed that the minimum age, if the project is approved, to establish common retirement grounds would be 65 years for those who on the date of entry into force of the law are 50 years of age or less. Affiliates who are between 51 and 56 years of age on that date would gradually be required between 64 and 61 years of age and for those who are 57 years of age or older, the current minimum age requirement (60 years) would be maintained.
Other questions that have been repeated are whether the calculation of retirement for old age takes all the years of contributions; what will the regime of categories be like; what would be the contribution rate of the liabilities; and if it is possible to access a future retirement simulator.
All these answers are available to members on the website of the Caja de Profesionales so that anyone who requires it can answer any questions. They can also communicate by phone or email of the institution. The website is https://www.cjppu.org.uy/.
