HomeLifePension Protection Law will guarantee social security system

Pension Protection Law will guarantee social security system

The main objective of this law is to guarantee the protection of pensions that are established in the social security system

The Pension Protection Law will guarantee the social security system, as expressed by the deputy to the National Assembly (AN), Ramón Lobo, during an interview on the program “Al Aire”, broadcast by Venezolana de Televisión (VTV).

In this sense, the parliamentarian highlighted that the main objective of this law is to guarantee the protection of pensions that are established in the social security system, through contributions from the private sector, until now 99% of the resources that have been used to guarantee the social security system is assumed by the public sector.

However, he indicated that to guarantee the pension system over time, the participation of the private sector is needed, established in the Law for the Protection of Social Security Pensions Against the Imperialist Blockade.

"We are currently in a recovery process, and this measure will guarantee sustainability over time and also based on what could be a nominal variation, which is why, to guarantee the pension system over time, it is It needs the participation of the private sector, established in the Pension Protection Law,” he said.

Lobo highlighted that this Law delegates to the president of the Bolivarian Republic of Venezuela, Nicolás Maduro, the setting of the rate, but also the issue of any exemptions that may be developed. “This is part of the social security system promoted by the Bolivarian Revolution, strengthened at the time, but affected by sanctions.”

It is worth noting that this Law contemplates the rejection of any type of unilateral coercive measure, or alleged foreign jurisdiction that is intended to be applied in Venezuela. In addition, the norm honors the social security of the Bolivarian doctrine, which Commander Hugo Chávez consolidated to give the right to all people retired from working life.

sourceVTV

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