The Professional Box met with him Executive power to be able to present three possible legislative solutions with the objective of improving the financial situation of the organization and to be able to exchange ideas with the government, as well as highlight the predisposition for the exchange of information about the decisions and proposals of the fund.
The preliminary projects were also shared with professional associations in a meeting led by the Dr. Vet. Daniel Alza and the Cr. Virginia Romero. There, topics such as the possibility of retirement due to advanced age, the reduction of default interest on stamps and the refinancing of debts were discussed.
With the aim of increasing the organization’s income, three possible solutions were presented. The first of them is a bill that allows easier debt payment and another to reduce default interest on article 71 stamps.
On the other hand, changes were also proposed in the requirements for advanced retirement, which would allow those who meet certain criteria to receive a retirement compatible with others. In addition, the possibility of adjusting the ringtone values by the Average Salary Index with the aim of avoiding mismatches between income and expenses.
The latest actions with the box
Last year, in the session that took place on November 23, the board of directors of the Professionals Fund rejected the possibility of “requesting the Executive power a $300 million bridge loan” with the purpose of “allowing the undertaking of actions”, such as social and real estate loans, that would generate “profits that allow their timely payment”, in the same way that “states do so with international financial organizations”.
The board also rejected the option of “confronting a campaign of affiliate recruitment with a declaration of non-exercise”, which are estimated at 100,000, or by increasing the actions aimed at recovering “the money that due to default of different debtors” corresponds to the Professionals Fund, among other alternative measures.
In the session of November 30, meanwhile, the board approved the 2% increase in the contribution ratewhich will go from 16.5% to 18.5% as of January 1, 2024, and will govern for one year, in principle.
The majority of the board based its decision on the social security reform lawwhich establishes that before “deficit operating results” The parastatal savings banks “must” implement “the necessary immediate precautionary measures in order to stop and reverse the observed decapitalization.” The regulations authorize the authorities of the pension organizations to order “an increase in up to two percentage points of the contribution rates.”
Likewise, they maintained that the increase “was the only measure that he could take over the board” after the rejection of the government reform in Parliament; Although it is now known package of alternative measures which the same board rejected a week before moving forward with the modification in the contribution rate.
Source: Ambito
