The recent debate in the Argentine Senate on the pension law has captured the attention of public opinion and has generated an intense exchange between the ruling party and the opposition. The Government has proposed a series of changes to the law retirement driven by the opposition, seeking to adjust certain aspects that they consider crucial for the sustainability of the pension system.
The opposition’s original proposal, which had already been approved in the Chamber of Deputies, includes several measures aimed at improving the retirements. Among them, the monthly update of retirement benefits based on the Consumer Price Index (CPI) stands out.
There is also an extra compensation of 8.1% to cover the inflation of January, and an annual additional 50% of the variation between the RIPTE (Average Taxable Remuneration of Stable Workers) and the CPI. The Government has shown its support for some of these measures, such as the 8.1% compensation and the monthly update by CPI.
However, he has rejected other key opposition proposals, such as the establishment of a minimum income equivalent to 1.09 of the basic basket and the annual additional 50% between RIPTE and inflation.According to the government, these measures could jeopardize the financial sustainability of the pension system and increase the fiscal deficit.
The Deputy Chief of Staff, José Rolandi, and the Secretary of Strategic Planning, María Ibarzábal Murphy, were in charge of presenting the Government’s proposals in the Senate. During their speech, they stressed the importance of finding a balance between improving pensions and the sustainability of the system.
They argued that, while it is necessary to adjust the assets, retirement To protect the purchasing power of retirees, it is also crucial to avoid measures that could lead to an unsustainable increase in public spending.One of the most controversial points of the opposition’s proposal is the minimum wage equivalent to 1.09 of the basic basket.
Income
According to the government, several opposition deputies have acknowledged that this measure could have been excessive and that it could be revised in future discussions. The government maintains that, although it is essential to guarantee a decent income for retirees, it is necessary to do so in a responsible and sustainable manner.
The discussion on the law retirement He will continue to sit on the Senate’s Labor and Social Security and Budget and Finance committees. These committees are chaired by the Macri supporter and official ally Carmen Álvarez Rivero and the head of La Libertad Avanza in the Senate, Ezequiel Atauche, respectively.
