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Caja de Profesionales approved management audit for the last 15 years

The Directory of the Caja de Profesionales resolved unanimously perform in a way urgent a management audit of the performance of the boards of the last 15 years.

The resolution, which had the vote of the seven members of the current board of directors -which took office on December 14- was signed in the session this Wednesday by the president Virginia Romero and the secretary director Blauco Rodríguez.

The aforementioned resolution has already taken effect and was approved “for the purposes of determining possible responsibilities of any kind in management and decision-making and their possible link and/or correspondence with the current economic and financial situation of the Institute”.

In this sense, it is stated that the audit It must determine the type of responsibilities, if any, and the services of the institution are entrusted with making a call to independent national and international consultants..

This Board request responds to the situation of deficit of the Caja de Profesionales what is estimated between US$ 166 million and US$ 262 million for the period 2021-2026 in a stage means, medium while in a pessimistic scenario the estimated amount of the deficits would range from US$ 238 million to US$ 329 million.

The box was already received red flags in 2010 and in 2014 operating balances began to turn negative. In 2020 it They turned six years of consecutive red numbers and the situation, far from improving, worsened with the arrival of the pandemic.

What has been done so far to combat the deficit

He IMinister of Labor and Social Security, Pablo Mieres said to The Observer that the patrimonial situation of the box “it is very delicate” and with “uA perspective that if new measures are not incorporated to reverse the trend of increasing the deficit, it would be in a situation of financial impossibility”.

The current authorities of the Cjppu presented at the end of February different measures to alleviate the deficit the body and the Executive Branch gave its response at the beginning of April, supporting some and ruling out others.

In addition, on April 8, the Board of Directors of the Cjppu approved a salary reduction for managers and officials of the institution.

It was agreed to “apply the Article 744 of Law 19,924 dated December 30, 2020, which cap wages that can be received by people who provide services to non-state public bodies, preventing them from exceeding the “higher permanent monthly income” of a deputy secretary of state

This with the exceptions authorized by the Presidency contained in a rule of April 2020. The organizations may request, in exceptional cases and for reasons based on the notorious competence or irrefutably proven experience of the natural person, exceed the established limit for which they must have a prior favorable report from the Planning and Budget Office (OPP) and the Ministry of Economy and Finance (MEF).

Caja de Profesionales approved management audit for the last 15 years

It is marked that the eight managers may make use of the exceptions if the Board of Directors allows it, with their respective wage cuts. The salary of the general manager, today Miguel Sánchez, dropped from $626,694 to $413,191 nominal. The IT manager went on to collect $286,947the manager of Collection and Control $283,782and affiliate manager $274,899. These amounts may be increased if so established by the Salary Councils, provided that “they do not exceed the percentage increase for public officials.”

Four of them have their salaries frozen until they reach the range of what an Undersecretary of State receives. So they will charge $282,506 nominal: the managers of Technical Consulting, Management Planning and Control, Legal Consulting, the administrative accountant, and the internal auditor.

These salaries do not count “the legal supplementary annual salary, the seniority premium and social benefits”, adds the resolution, which gives effect to the exceptions until December 31, 2022.

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