A government project proposes a new blending system to improve the amount and range of PGUs. Contribution Pillar Social Security funded by her 6% contribution of taxable income paid by her employer.
In recent hours, the Minister of Finance and Labor has Mario Marcel world Janet Jara dug pension reform Before the House Labor and Social Security Committee.
Officials gave lawmakers an example of how much their pensions would increase if the proposal were approved.
The project to create a new mixed pension system, which is under consideration, will focus on enhancing the face value and coverage of the pension. Universal Guaranteed Pension (PGU) , raises it to $250,000. Create and fund social security on the contribution pillar. Contribution of 6% of taxable income paid by the employer.
The government defends the above and indicates that it will “improve current and future pensions, especially for women, through various solidarity mechanisms.”
Examples of Pension Increases Presented by Marcel and Jarra
Ministers Marcel and Jarra told members of parliament on the committee, for example, retired woman Contribution 50%, Last salary $400,000, His pension before reform was $257,651. Based on $63,734 self-pay pension (10%) and $193,917 universal pension (PGU).
According to them, the pension reform would result in a woman receiving a total pension of $392,525 in the same case. , achieving an improvement of $134,874. That’s a 52% increase.
This retirement amount takes into account the pension guarantee provided by the new Social Security, which is $67,828. Compensation for increased life expectancy for women $10,963. PGU was raised to her $250,000. Same self-pay pension.
in the case of Pensioner With the same contribution and the same final reference salary ($400,000), Without reform, he has a pension of $268,515 based on a self-funded pension of $74,598 and a PGU of $193,917.
With the pension reform, Ministers confirmed that: his pension rises to $392,426 , resulting in an improvement of $123,911. This corresponds to an increase of 46%.
The above is based on $67,828 from the new Social Security pension guarantee. $250,000 PGU. His self-funded pension is $74,598.