The main drafter of the law social security reform which was approved in the month of April, Rodolfo Saldainmaintained that the plebiscite promoted by the PIT-CNT against it is “very serious.”
The lawyer specialized in social security law was especially concerned about the expropriation of the individual funds of the workers in the Pension Savings Fund Administrators (AFAPs), to move to a common fund managed by the Social Security Bank (BPS)proposed in the popular consultation of the union center.
In a press conference held this Wednesday, Saldain He assured that the plebiscite “retroactively repeals the individual savings regime, where there are thousands of people who have retired” and “1.5 million Uruguayans who have 30% of their gross domestic product (GDP) saved there.”
The lawyer went further and indicated that these funds do not belong to the administrators, but will be directly expropriated from the savers to end up in a general pool in the BPS.
For Saldain The seriousness of the popular initiative is not due to the fact that the BPS begins to manage these accounts of Uruguayan workers, but rather that they cease to have a private and individual nature, since the entity would become “the owner of the money.” “.
Saldain also understands that the initiative promoted from the PIT-CNT It takes away workers’ rights and represents “an enormous burden” on society, since the financing of this scheme would require greater tax pressure.
The AFAPs rejected the nationalization of the social security system
In recent days, the president of the AFAP National Association (Anafap) and general manager of AFAP Sura, Sebastian Peagudaexplained in an interview on Channel 4 that “the funds are individual and are accumulated in a general fund, that fund is managed by an AFAP, the one chosen by the person, but they are not part of the assets of the AFAPs.”
The manager of Sura reported that insurers have the equivalent of 22 billion dollars under their management. “It is a very important number, Uruguay I have not had national savings of these characteristics in its history, I can do it after 27 years,” he commented on the matter.
Source: Ambito
