The president of the Entre Ríos Retirement and Pension Fund, Gastón Bagnat, explained what measures are planned by the Executive Branch to reduce the deficit of the pension system.
“We received a collapsed pension system, with a deficit of more than 41% with a tendency to grow rapidly. So there was no other alternative but to design a strategy to contain that deficit,” the official told Radio Deputies.
As indicated, once the organization managed to stabilize the numbers to begin to slowly lower the deficit, “complementary actions are necessary to be able to sustain the 82% mobile and the retirement age,” as proposed by Governor Rogelio Frigerio.
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Then he specified: “We have implemented two very large lines of action; one that has to do with increase resources, because the number of contributors over the amount of assets deteriorates over time against the benefits of the Fund. That’s why we made the claims before Anses that had been postponed for four years.”
“We have also, in the form of a bill that the Executive is going to raise, attacking the other big problem, which are all the increases given by the majority of the ranks that are outside the provincial parity and that generate very large distortions. We are going to generate an intermediate body to standardize and coordinate complementary actions to take care of the deficit of each sector.”, he detailed.
On the other hand, Bagnat mentioned that There will be “contributions from the ministries that have the largest number of workers, which are Education, Health and Safety, to be able to alleviate from their own budgets that sectoral deficit that they have and thus among all, achieve a more balanced Fund that does not put the system at risk”.
In turn, he stated that, complying with section D of article 12 of the Pension Law, Beneficiaries of pensions from special State regimes will contribute a three-point rate until they reach retirement age, which is 62 years for men and 57 for women.. In turn, a increase of three points in the rate of employer contributions and personal contributions of active public sector workers.
