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The initiative proposes a 4% increase in the mandatory contribution rate, gradually and annually over eight months, starting from first day of the following month. the publication of the law.
On Tuesday, the government presented a bill reforming the pension system which strengthens the ] contributory pillars and solidarity, initiative to be dealt with by the Labor Committee of the Chamber of Deputies.
This initiative proposes to increase the mandatory contribution rate by 4%. Progressive and annual on eight opportunities, which will begin on the first day of the month following the publication of the law.
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Said increase will be paid by the employer in the case of dependent workers, while for the self-employed, the amount will be borne by the own worker.
Thus, the increase in the compulsory contribution paid during working life will imply an increase of by 10% of the self-financed old-age pension.
Similarly, workers may decide freely to contribute in whole or in part. the increase of the mandatory contribution of 4 points on your individual account in AFP or on an individual account in entities that manage additional savings plans for retirement.
You have just entered the #ReformaDePensiones in the Chamber of Deputies . Pic.twitter.com/jg6t3P6Zd9
– Gonzalo Blumel (@gblumel) ]
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