The Minister of Labor and Social Security considered that the initiative is vital “to provide medium and long-term viability.”
He Minister of Labor and Social Security, Pablo Mieres, echoed the approval in the Parliament of the reform of the Bank Cash and considered it “an essential response” for the sustainability of the system.
By highlighting the unanimous approval in the Senateafter its approval in Deputies, Mieres expressed via
The project was sanctioned by legislators from the ruling party and the opposition and proposes that the government, the banks and the union contribute in equal parts, in what was called a joint solution, something that was recognized by the senators in the session.
At the same time, the proposal implies a modification in the conditions for retirement, since the pension will be progressively raised. retirement age to 65 years and a “pecuniary” benefit of 4% will be applied, as well as a contribution from retirees under the 2008 law.
It also contemplates an increase in the Employer Complementary Benefit (PCP) that the banks pay for each worker and a “temporary additional contribution.”
Another item is the one that establishes a debt issue with state guarantee for up to 400 million dollars, through the issuance of a bond for a maximum total amount of 2,625 million Indexed Units (UI) through public debt securities or through loans with multilateral organizations.
The banking union highlighted the approval of the reform
From the Association of Bankers of Uruguay (AEBU), your president Elbio Monegal He highlighted to Radio Camacuá that “the fundamental premises that the union set out were fulfilled” and valued that “society is not going to have to put in place for the Bank Cash, but that the State contributes to the exit with a sovereign guarantee”.
Monegal He considered another achievement of the union the fact that “all parties contributed to the exit, since this could not fall solely on the backs of the workers” and was satisfied that, despite the fact that the government wanted to remove the Employer Complementary Benefit, it was possible to “not only maintain it, but elevate it.”
Source: Ambito
