The Retirement and Pension Fund for University Professionals (Cjppu) proposes staying with him Social Security Assistance Tax (IASS) of contributing professionals to reverse the current institutional deficit, which leaves it with reserves until 2026.
The authorities of the institution understand that redirecting the tax It would help alleviate their deep crisis, for which they already report losses of more than 57 million dollars, the worst result in the last five years.
Daniel Alza, president of the Fund He stated that the government must respond to the deficit context and explained that “the pensions that are served by the parastatal funds contribute to the IASS and that subsidizes Social Security Bank (BPS)“.
The Fund maintains that the measure would allow it to restore financial health and extend the survival of the institution, at least until 2068.
“We proposed and demanded that a change must be made in this measure for moments of crisis suffered by the social security institutes,” said Alza, who hopes “to be able to use that money generated by the pensions of the institute itself for periods of deficit.” “.
“There is no magic that can fix the Professionals Fund,” according to the president of the Mortgage Bank
The president of the Mortgage Bank of Uruguay (BHU), Casilda Echevarríawas very critical of the Cjppu’s position through her X account (formerly Twitter) stating that “there is no magic” that can fix it.
Echevarría said that the Fund reported its “terrible” results “as if it were a surprise” and added: “It is not restructured, it does not reduce expenses, salaries or benefits, so there is no magic to fix it.”
“Action is what is missing, not diagnoses. It is the money of professionals, not of Managers or employees,” said the leader before commenting that “it is time to become aware that it is not a question of asking General Revenue to finance the funds.” parastatals, but (that) the logical thing would be to have a single regime.
Source: Ambito
