heated discussion this week AFPs on the law of disenrollment. But the argument is misplaced when the issue comes down to a small part of the problem of pensions, and top with a wrong orientation.
The first problem with the current pension system is that 3 out of 4 Peruvians over the age of 65 have no pension of any kind, and that percentage will increase because the percentage of active workers not contributing to a pension system is even greater . AFPs reform failed miserably in ensuring economically aging of Peruvians.
The second problem is that the scheme of two parallel systems (AFPs and ONP) is a bad system. It is said that the National Pension created by Law 19990, which administers the ONP, is broken. But his financial imbalance is due precisely to the installation of the AFPs. The pension system is based on the 19,990 active workers give a part of our salary to support retirees, with the promise that when we are retired, future workers will keep us in the same way. This is called solidarity between generations: young people hold for the elderly. When installed the system of AFPs, a good part of the active workers stopped funding the retired and went to deposit their contributions into an account for the AFPs to invest. It was like taking two or three legs to a table: no way the National Pension System (19990) is in equilibrium, except putting other replacement feet, which makes the state with the budget trasnfiere the ONP. Only that the MEF is always cheap, putting legs are so tiny and pensions are ridiculous.
pension system requires comprehensive reform. Public funds should be directed to create a welfare for the elderly poor, which is perfectly affordable. The contributions of active workers must be divided into two parts: one for a public system that guarantees basic pension to all, another well-regulated AFPs to invest in the country and generate an additional pension for those make greater contributions.
0 comments:
Post a Comment