Ricardo López Murphy questioned Javier Milei’s veto of the increase in pensions: “Congress will reverse it”

“If the veto is total, Congress will reverse the presidential decision”he promised in statements to the program “If it happens, it happens”, hosted by Ignacio Ortelli on Radio Rivadavia, where he also said: “I have not seen the rule, but If the veto is total and does not contemplate correcting the problem, it will surely be rejected by Congress.”

“If the veto were partial, I think it would be difficult to reverse it, but If it is total, the presidential decision will be reversed. A total veto would be a mistake and I hope that good judgment prevails,” he claimed, while predicting “a institutional order conflict “which will not do any good to either Congress or the President.” According to the text to which this media had access, the Government is preparing to completely reject the law approved by a majority in both chambers.

Ricardo López Murphy questioned Javier Milei’s veto and asked to address the pension problem

According to López Murphy, Argentina suffers from a crisis in social security due to various organisational problems such as high levels of informality and an established retirement age that is “not consistent with life expectancy”which is why he suggested that progress should be made towards a combination of the Spanish and Swedish regimes.

“Savings for old age in Argentina are nationalized and are the key to many of the growth problems. Due to high inflation, some system of salary correction must be established.“Therefore, along these lines, the Court has established a criterion that states that months cannot be omitted nor can the nature of the correction be diminished by taking an arbitrary number,” he stressed.

Along the same lines, he added: “The project that was voted on had several defects and an intelligent solution to the problem. If it had been corrected with a partial veto and the substantial issue had been left, it seems to me that we would have had another path to a solution.”

“The real debate is how we return to a certain level of common sense, eliminating privileges and scandals such as the retirements of the former president (Cristina Kirchner) who receives two extravagant and luxurious pensions,” the deputy countered.

omnibus law congress deputies ricardo lopez murphy 31-01

Pension reform: López Murphy proposed copying the regime of Spain and Sweden

He also explained that the solution is to move forward in the combination of Spanish and Swedish regime detailing that the first “has a higher retirement age and more years of mandatory contributions”, while the second “establishes a correlation between contributions and the pension that is withdrawn.”

The deputy and former Minister of Economy of the Alliance considered that if both things are fulfilled, the retirement system would be resolved “for the next 40 or 50 years.” “This is the real reform that we have to carry out in Argentina,” he stressed.

Finally, he said that progress must be made in creating conditions for consensus to resolve the problems and reorganize the country. “If we were to organize ourselves, If we became a predictable, organized, governable, and rational country in its decisions, I see formidable opportunities. in their decisions because we are far from the zones of war conflict, we have the resources that the world demands today, and we could take advantage of these circumstances that are undoubtedly favorable to the country, so I see the kiss as half full and half empty,” he concluded.