In the cycle driven by Luis Majul, the political consultant Jaime Durán Barbavirtually, referred to the future pension reform that the national government is preparing to present next year. The Ecuadorian analyst carried out an analysis of the global context in retirement matters and made a surprising definition about the supposed longevity of the next generations.
“We cannot think that social security continues to function in the West with the life expectancy of the children who are being born, which is 200 years. When I was born the life expectancy was 47 years, currently it is 70, the children are going to be 200. What social security fund in the world is going to be able to function? None. Labor laws are usually made more flexible because it is proven by two studies by MIT and the University of Oxford. 80% of existing occupations They will disappear in 10 years,” said Durán Barba before the unchanging gaze of the rest of the journalists.
In recent weeks, the press has circulated about a package of profound changes in labor and pension laws that the Executive wants to push after its recent electoral success. The government, according to different spokespersons, intends to present the initiatives in a “mega package” (sometimes referred to as a second Base Law) that combines labor, tax and pension reforms.
The Extension of the working day It circulates as the possibility of allowing longer hours – in some drafts up to 12 hours a day – with mechanisms for calculating hours and compensation for productivity instead of the current scheme. This idea was already part of previous attempts by the ruling party and appears as the axis of the agenda. On the other hand, a flexibilization of collective agreements is a leaked version that talks about prioritizing company or regional agreements, which would reduce the scope of traditional sectoral negotiation and, according to critics, weaken the ability of unions to impose homogeneous conditions.
Another is compensation in installments or cap, along with reduction in the cost of dismissal, which mentions the intention of allowing compensation to be paid in installments and establishing limits that would reduce the immediate cost for employers, a measure presented by the libertarian administration as a stimulus to formal hiring. Greater hiring due to productivity than They include instruments to promote productivity pacts.
The increase in the retirement age is the main rumor in the Executive that is studying raising the retirement age – with proposals that in some extremes propose raising it to 65 for women and up to 70 for men – a measure with strong political and social impact. Rumors also point to a modification of the formula that determines salaries (what is known as the replacement rate), in order to reduce the relative amount of retirements with respect to the active salary, as a way to alleviate pension expenses.
For now this confirmed that the Casa Rosada publicly announced his political intention to “modernize” the labor market and review the pension system as part of a broader package; In addition, there are parliamentary projects and administrative antecedents such as the Bases Law, as a previous one that show continuity in the agenda. In several cases, these estimates have been denied or qualified by official sources.
