The Senate seeks to sanction the reform of privileged retirements

The upper house debates in the special session to sanction the bill, which already has a half sanction from the Chamber of Deputies

The Senate opened the special session at 12.23 in which it will seek to sanction the bill that limits the privileged retirements of judges, prosecutors and foreign service personnel, which already has a half sanction from the Chamber of Deputies.

This Thursday, President Alberto Fernández expressed his expectation that the Senate will pass the proposal into law, and warned that “no judge is obliged to retire,” referring to the cases of the magistrates who submitted their resignations so as not to lose benefits before the entry into force of the reform.

What the project says

The Government text establishes a new formula to calculate the initial credit of the sector, which today is 82 percent of the last salary and which, in the future, will be based on the average of the last 120 remunerations at the updated value.

In addition, the age to access, in the case of men, the retirement benefit gradually increases to 65 years, but maintains the option for women at 60 years.

To access this system, they must have worked 10 years in a row in the Judiciary or 15 years interrupted from the 30 years they must have contributed to the pension system.

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Written by Argentina News

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