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Argentina ready for another attempt to approve the pension reform bill on Monday

Monday, December 18th 2017 - 07:16 UTC
Full article 9 comments

The government of Argentina has decided to vote on the pension reform bill on Monday amid speculation that President Mauricio Macri's administration could use a decree to fast-track the legislation. Read full article


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  • British_Kirchnerist

    Rule by decree, didn't people think that a bad thing when it was used in Venezuela...

    Dec 18th, 2017 - 09:11 am - Link - Report abuse -4
  • golfcronie

    Can someone tell me an address to send some old tires I want to get rid?

    Dec 18th, 2017 - 10:01 am - Link - Report abuse 0
  • The Voice

    Does anyone know what the effect of these changes will be to someone as in the example above?

    Dec 18th, 2017 - 10:31 am - Link - Report abuse +2
  • DemonTree

    @The Voice
    The best thing I could find was this:

    “The pension bill would change the formula used to calculate benefits. Payments would adjust every quarter based on inflation, rather than the current system of twice-yearly adjustments linked to wage hikes and tax revenue.

    ”Economists say the current formula means benefits go up in line with past inflation. Left unchanged, that could harm Macri’s efforts to cut the deficit.

    “Under the new formula, benefits would increase by 5 percentage points above inflation, according to cabinet chief Marcos Pena. The plan would take effect at a time of lower inflation expectations and would slow the pace of pension benefit increases.”

    The reform is supposed to save the government a substantial amount of money; to do that it must result in paying the pensioners significantly less than they would have got under the old rules.

    They are discussing it now, and the protesters are throwing stones and fighting with the police, and the police are using tear gas and rubber bullets. Both protesters and police have been injured.

    Dec 18th, 2017 - 07:17 pm - Link - Report abuse 0
  • The Voice

    Yes, I found something later on. It seems to reduce pensions by 10% or so calculated with a new formula. I can just imagine what the reaction would be in the UK. But...this is Argentina, a protest march is inevitably accompanied by some violence.
    I would have thought that this was not a good cause for the right, it affects the poorest worst and they are precisely the group that Macri on the right needs to make friends with

    Dec 18th, 2017 - 09:53 pm - Link - Report abuse +2
  • Zaphod Beeblebrox

    A photo of “pensioners” “spontaneously” protesting:

    Why would pensioners need to do a roll call of who was present? They wouldn't! Exactly!

    Dec 19th, 2017 - 05:28 am - Link - Report abuse +3
  • Enrique Massot

    Argentina ready? To the editor: Since when Macri & Co. are the Argentina? Come on! Let's put some thought into the job!

    Dec 19th, 2017 - 05:53 am - Link - Report abuse -6
  • The Voice

    Looks like those 'pensioners' have been scoffing plenty of free Choripans! Rent a mob...

    Dec 19th, 2017 - 11:52 pm - Link - Report abuse +1
  • Pirat-Hunter

    Here is a little secret most stupid people ignore and cheer for european pedophiles to theft from south Americans as the Europeans always done. White people should be eradicated from south America and the middle ast. Here is a little history, the Argentine president's monthly salary now just tops 131,421 pesos, equivalent to some US$9,000.
    Argentine President Mauricio Macri has given himself a 30 percent pay rise on the salary of his predecessor Cristina Fernandez, while refusing to grant pensioners, social programs, and workers an increase greater than 22 percent.

    According to Argentine news website La Nacion, Macri’s monthly salary now just tops 131,421 pesos, equivalent to some US$9,000.

    RELATED: Argentina's Macri Wants to Combat Inflation with Less Government Spending

    The figure represents a 30.6 percent rise from the nearly US$7,000 earned monthly by Fernandez.

    Dec 23rd, 2017 - 06:07 am - Link - Report abuse 0

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