The Association of Bank Employees of Uruguay (AEBU)) is meeting today in a general assembly to define its position regarding the sector’s social security issues, framed in the financial crisis that the Bank Retirement and Pension Fund.
He antel arena is the scene of the general assembly of AEBU, which runs against the clock —just like the Executive power and the Association of Private Banks of Uruguay (ABPU)which is also part of the group that works together on the subject— to reach a solution to the critical situation of defunding who experiences the bank account, and that endangers the sustainability of the sector’s pension system in the short term.
With the premise of defending the social security institute and the expectation of gathering about 7,000 peoplebetween active workers and retired workers affiliated to the union, AEBU will decide how to advance in a project that resolves the problem, which will have to go through the entire parliamentary path in just two months, while after October 25 the country will enter an electoral year .
The points of analysis of AEBU
The first point that will be available to the assembly is “the premise that all parties concur putting similar effort”, he explained Fernando Gambera, general secretary of AEBU, to Ambit This means, for the union, that both public and private banks, as well as the government representing the State, and retired and active workers, contribute equally to the solution for the Bank Box.
According to Gambera, active and passive workers will put “an effort into retirement conditions”, in the form of contributions; and the banks may in the nature of “rates that have to do with the business”, that is, through an increase in the Employer Complementary Benefit (PCP) who already pay “This is what we value as important, because in today’s world the influence of technology with respect to the sources of work is increasing and the decrease of the same, therefore it is necessary to substitute the form of collaboration and of contribution to social security according to the businessand less according to the payroll of employees that a company has”, pointed out the general secretary of AEBU, adding that “in this sense there is also the efforts of public and private companies”.
Regarding the State, the contribution would be as a loan or financing so that the bank account go through the immediate period of underfinancing that it is going through, at least until 2030, according to the estimates of the group that is working on a solution for its sustainability. According to the union, the cost of the salvage could reach up to 900 million dollarstotal.
For AEBU, “this output is important”, as is its substance and specification in the form of a law. But, above all, “it is important because avoid a worse evil for the whole societysince if the solution is not followed through this path, there will be a moment of under-financing and non-compliance with the obligations of the bank account that will have to be covered by the entire State, which is all of us”, considered Gambera. In this sense, he emphasized that this would imply that “the rest of the Uruguayans who are not involved in this problem and in the Caja Bancaria end up putting through the state”.
According to the general secretary of the banking union, this is what will be discussed in the general assembly of AEBU, before 7,000 workers and retirees. Then, the project that is decided must be put on the table of the working group, and in consideration of the other actors involved in the problem of the social security institute a little more than two months after the deadline expires.
Source: Ambito
