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Advances in the Pension Reform: Agreement to reduce the mortality rate at age 90

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This Tuesday marked a milestone in the pension field, since the socialization and signing of the document titled “An agreement for the fourth age, a new type of collective programmed retirement pension” took place. The initiative, led by the IND-PPD bench, reached a momentous agreement with the Minister of Labor, Jeannette Jara, consolidating important advances in pensions.

The proposal, set out in a short four-paragraph document, reflects the commitment to address the concerns raised by deputies from the independent caucus and the Party for Democracy, as well as independent parliamentarians. This political consensus translates into a significant step towards a new type of pension aimed at the so-called “fourth age.”

The text clearly expresses the purpose of regulating a collective programmed retirement pension modality that allows shortening the mortality table for those who opt for this alternative. Risk mutualization becomes a key point, especially for those who exceed a certain survival age, which does not exceed 90 years.

In words contained in the document, it is highlighted that “the Executive undertakes to work on all the financial and technical aspects that complement what has already been reviewed.” This is a crucial step towards the inclusion of the new retirement modality with a shortened mortality table, providing those who choose it with a more flexible option adapted to their specific needs.

One of the fundamental elements of this agreement is the active participation of the IND-PPD bench, whose votes, including those of parliamentarians Carlos Bianchi and representative Camila Musante, were essential to ensure support for this innovative proposal. These votes, which were initially uncertain, now support the initiative, strengthening the possibility that this new pension modality will be included as an indication during the processing of the pension reform.

The document bears the unanimous signature of all the members of the IND-PPD bench, underlining the cohesion and commitment of this parliamentary group in the search for effective solutions in the field of pensions. Likewise, the signature of the Minister of Labor, Jeannette Jara, validates the government’s support for this initiative that seeks to improve the quality of life of older adults.

In summary, this agreement represents a significant step towards a more comprehensive pension reform adaptable to the needs of the population in their retirement stage. The inclusion of a new modality of collective programmed retirement pension shows the joint commitment of the government and the IND-PPD bench in the construction of concrete solutions for the challenges that society faces in terms of pensions.

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