The national government initiative to reformulate the Argentine pension system provides the essential foundation to rebuild our country a social support network security, able to enforce the rights of workers, assets and liabilities. Network based on solidarity between generations, from an economic standpoint, it is necessary to sustain the spring, with contributions from active workers, the current assets of liabilities. And beyond the purely economic, a more comprehensive political horizon, is an important symbolic core search of greater democracy and social cohesion. While a strong sense acquired as part of progress towards building a more equitable society. With a state in this area reverts to a regulatory role that was displaced by big capital (self-called "market").
The financial reform of 1977, public debt policy and administration on years of dictatorship and democracy and the welfare reform since 1994, were three central pillars on which settled the hub model that had the privileged beneficiaries and local economic groups foreign.
The pension reform of 94 finished gave evidence that the underlying objective was not to improve the situation of pensioners, but to allow funding - on a large scale - needs to build business leaders. The results are obvious to all, are untestable, only the stupidity, ignorance, disinterest, may offer different readings of a reality than how naked impudence has been relegated to our old, on the basis of models support the sector privileges financial and business elite. That
reform the pension system deprived of its legitimate source of funding, making the future of many Argentines in a little business. The business of the administrators was a great scam: And the scam shut to prevent the worker return to the state pension.
The political decision to terminate the Pension Funds and return to a single system under the State articulates with the recently passed pension law of motion, and restores the system to genuine resources. To recover the income of the personal contributions of workers, a considerable amount of money, restores the possibility of discussing the level of the assets of retirees, may exceed the levels of impoverishment expressed even today, despite successive increases in having minimal effect.
This is one of the most important steps this government has taken on the way to rebuild the state, take away power from the "homeland financial "and restore social gains.
Amid the financial crisis in the world's largest economy, this bill (which we hope will be discussed in any depth it deserves and subsequently sanctioned by the Legislature) gives us the opportunity historical rights to recover lost and becomes, in addition, effective action to safeguard and protect all workers, assets and liabilities, both those who had opted for the distribution system as those whose contributions are being administered by the Pension Funds and subject to increased risks (by the way, many low paid by the bailout of the state). If not the enactment of this law, our welfare system would face an imminent state of collapse, culminating in the need for state funding much more expensive than today.
And in these days of debate and upheaval, we hear critics of various kinds, from the defenders of vested interests, to those who have a skin problem with the national government. We can not afford to simplify the look on the bow of the opposition. It is also necessary to remove the veil to some questions raised in those days.
One is that the right to demand the inviolability is inconsistent. This is not a treasure store for anyone to touch, but to make that right acquired enables the reproduction of the conditions to enable their return to the beneficiaries demañana. The best part is no longer being used to fund a small number of companies but to create jobs with decent pay registered. After all, if it is understood that this is an intergenerational pact, there would be no chance of working pension system.
's claim of ownership on existing balances in the individual capitalization accounts without substance. This is so because there is no possibility of individual salvation if the environment is falling apart. Of what it is to protect the survival of the right to have decent retirement that enable them to enjoy the days and nights to our elders and that consumer demand for natural medicines are not becoming just another death sentence for lack of access. The capital accounts have been plundered by the depreciation of the market price of assets, by the decrease of the commission received by the administrators confiscatory between 1994 and 2008 (on average 32.3%), by transferring an equivalent amount 50% of the commission for the purposes of retirement insurance companies can not fulfill the promises of insurance, in other respects equivalent to the number of transfers mentioned. Moreover, the de-funding the system maintained for many years the minimum pension frozen. Nestor Kirchner elgobierno recently started to reverse this state of things, have at least five-fold and allow the return to the public system who had opted for a AFJP. The fiscal impact of the reform was a significant part of the explanation of the economic crisis that erupted in 2001.
We are aware that it will be a tough political battle, because they have played very powerful interests. The huge accumulation rates of major capital concentrates, fed by the ease of de-regulated economies. And because the old and new rights are always on the lookout, and handle the media.
finally believe that it is a way to build and go, nothing is guaranteed but not this important step, everything would be much more difficult.
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