The reform is on its way to approval
Representatives of the Colorado Party met on the 11th floor of the Executive Tower with President Luis Lacalle Pou. The meeting took place so that the Colorados presented to the president five modifications that they intended to seal in the social security reform project.
In the meeting, which lasted one hour and 35 minutes, Lacalle told the colorados that the will was to accept the changes so that the reform could materialize and become law with the votes of all the parties of the government coalition. In the coming days, the government’s economic team will have to refine some numbers that arise from the modifications proposed by the Colorados. The informant specified that one of the details to be resolved is how much the proposed discount will be in the rates linked to the IASS (Social Security Assistance Tax).
This would have an immediate impact once the text is approved and then the discount is expected to be staggered from 2024. “It is not 100% closed, but it is well advanced,” added the source, who explained that everything is on track to that the text be approved in committee and in plenary session of the Chamber of Deputies.
At the end of the meeting, the senator and leader of Ciudadanos, Adrián Peña, said that the cost of the “package” of the modifications presented “will not exceed US$ 100 million.” The proposals 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 more.
