Bill 163, which reforms the Social Security Fund and the Disability, Old Age and Death program, was approved in the third debate by the full assembly of deputies of the National Assembly. The law maintains the Retirement Age without an increase and provides that investment funds are to be managed mostly by state banking.
After overcoming an error in an article that forced a return to the second debate, it was finally corrected and approved in the third debate after a series of discussions. This represented a significant change in the Social Security system, fulfilling one of the priorities set by the President of the Republic, José Raúl Mulino.
The President of the National Assembly, Dana Castañeda, emphasized that it was guaranteed that there would be no modification to the Retirement Age of those insured in the bill, which is a significant concern for the workers of the country. Despite some criticisms, it was highlighted that the law did not deceive the population by maintaining the current retirement age.
The project incorporated a new article, No. 139, which establishes the creation of a tripartite table that could debate the retirement age in the future. Some organizations expressed their dissatisfaction with the approval and threatened with mobilizations and strikes.
After analyzing 368 modification proposals, the bill underwent an extensive process in the National Assembly before its final approval with 48 votes in favor, 23 against and no abstentions. The law will come into force after its promulgation and aims to reform the Social Security Fund and the Disability, Old Age and Death program.
