Apparently no one is totally satisfied with the text that will be presented today, neither the government that had to make changes suggested by its Colorado, lobbyist and independent partners, and even some whites, nor the intellectual author of the initiative, Dr. Rodolfo Saldain , former president of the BPS, who stated that “we are sinful of conservatives by maintaining what is known and we should have gone deeper”, neither some AFAPs, who are going to obtain less income, nor the military, who will lose a few privileges, nor the savings banks professionals, nor the Caja Bancaria, whose problems will be resolved later, nor the workers grouped in the PIT-CNT who maintain that they will be the most affected by the reform, nor the Broad Front that does not agree with dozens of articles of the initiative.
The government hopes that the project will be sanctioned no later than the middle of next year. If this is not the case, the pension reform will be the subject of the next government, be it the Broad Front or the current multicolored coalition if it reproduces its management in power.
The parliamentary debate is announced to be very intense since the Broad Front will seek substantial modifications and the government announced that it has already made all possible modifications and is not willing to continue weakening its reform, concentrating on the parliamentary majority it holds until March 2025.
If approved, the pro-government project will start operating 10 years after it has been sanctioned. In other words, if it is approved next year, 2023, it will take effect in 2033.
Until 2033, the project currently in force for all retirements will govern.
However, even if it is approved next year, the current system will survive at 50% incidence for another decade, until 2043, while the new regime will influence the other 50%.
That year 2043 will be the last year of life of the current retirement system that governed the life of retired workers and pensioners during the last decades.
Although the last word is not yet said.
