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Why is Retirees’ Day celebrated today in Argentina?

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He Retirement Day in Argentina is commemorated September 20th in memory of the sanction of the first retirement law in the countrya day like today, but in 1904. The day celebrates and highlights the importance of those people who have made their retirement, after having made their pension contributions. This date is also celebrated to fight for the rights of retirees, in order to guarantee access to health and corresponding benefits.

According to article 18 of the Inter-American Convention on the Protection of the Human Rights of Older PersonsIt is the State that is responsible for guaranteeing decent work so that all people can access a retirement in the future.

Retirement is a very important right for a dignified lifeShutterstock – Shutterstock

The beginnings of this date date back to the September 20, 1904when during the presidency of Julio Argentino Roca was sanctioned Law No. 4349better known as the first regulation of Retirement in Argentina. Its lines recognized the pension benefit of the Nation’s public employees, civil servants and officials, an unprecedented event in the country. This regulation established the right to access a retirement contribution system, which created a fund to finance a fixed sum per month, at the time of the taxpayer’s retirement.

In this way, the National Civil Retirement and Pension Fundaimed at state and railway workers. Over the years, other activities were added to this system, such as banking, labour, aeronautical and press unions. Previously, social security was the responsibility of the so-called mutual aid associations.

There are more than 7 million retirees in the countryShutterstock – Shutterstock

In the country there are at least 7 million adults receiving retirement benefits or pensions for contributions made by a deceased spouse, according to the Anses Social Security Statisticsalong with the Argentine Integrated Pension System (SIPA). This study revealed that this figure is classified as 5,417,890 retirees and 1,638,617 pensioners.

In this way, it is possible to affirm that the number of people who belong to this group is double that of 2001. Other data from these reports indicate that 95% of the elderly in the country have some type of pension income. The retirement age depends on the activity, career and gender in the country. Women who have made contributions for 30 years can begin their retirement at 60 years of age, while for men this scale rises to 65 years of age.

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