ARGENTINA: CTA Retirees Weekly Bulletin

AS WE HAVE BEEN POINTING OUT IN OUR WEEKLY PRESS RELEASES, THE APPLICATION OF LAW 27609 UPDATING THE RETIREMENT ASSETS OF REGISTERED WORKERS, FOR THE QUARTER OF MARCH, APRIL AND MAY 2023, WITHOUT A PREVIOUS EMERGENCY INCREASE DUE TO THE ACCUMULATED LOSS OF PURCHASING POWER, ESTABLISHES A MINIMUM RETIREMENT HEALTH OF $56,895.- IN POCKET, WHICH ONLY ENOUGH FOR A THIRD PART OF THE BASIC BASKET OF AN OLDER PERSON, AND WHICH IS NOT RESOLVED WITH A BONUS OF $500.- DAILY DURING THE QUARTER, AND EVEN MORE SERIOUSLY THE SITUATION OF NON-REGISTERED, UNEMPLOYED, PRECARIOUS WORKERS IN CONDITIONS TO RETIRE, WHICH SHOWS EVIDENCE OF THE CONSEQUENCES OF THE PREVIOUS GOVERNMENT'S POLICIES AND THE APPLICATION OF THE ADJUSTMENTS AND QUARTERLY CONTROLS AGREED BY THE CURRENT GOVERNMENT WITH THE IMF, ORGANIZATION OF THE LARGE ECONOMIC GROUPS DOMINANT OF THE CAPITALIST SYSTEM, FOR THE PAYMENT AND REFINANCING OF THE ILLEGITIMATE, ILLEGAL AND FRAUDULENT EXTERNAL DEBT. With current pension laws, the loss of purchasing power will increase. With the unity and struggle of union, retiree, social organizations, consistent with the interests of the working class, let us promote a great debate and popular mobilization, which wins treatment and sanction in the Chamber of Deputies and in Congress of the Nation, of our Project for a new Social Welfare Law, which we will present again because the parliamentary majorities in office in the Chamber of Deputies "boxed" it for a decade, preventing its treatment in the respective Commissions, and, despite of the mobilizations, of the presentation of more than a million signatures, of meetings in parliamentary spheres, made him lose parliamentary status every two years as established by the regulation, and, with the updates that we are carrying out with a group of organizations, We will return to present it!! In the bill, a priority is those who must direct and administer the pension funds, which is established in Chapter III articles 13 to 34. ARTICLE 13.- The National Social Welfare Institute is created, which will function as a non-profit, non-state public law entity, with autarchy and economic, legal, financial, accounting and administrative autonomy.... ARTICLE 14- The purpose of the Institute will be: (inc. a) Administer the national retirement and pension schemes for dependent and self-employed workers, for which purpose it will have the powers, attributions and duties that the legal and regulatory provisions in force at the date of entry into force of this agreement to the National Administration of Social Security (ANSES). ARTICLE 15.- The Institute will be led and administered by a board of directors made up of seven (7) Directors, one of whom will act as President, elected by his peers. The Directors will be three (3) representing the workers, three (3) representing the retirees and pensioners and one (1) representing the National State. The Directors representing the workers and retirees will be directly and democratically elected by the affiliates and beneficiaries of SIPA. The Director representing the National State will be appointed by the Ministry of Labor and Social Security. TO PUT AN END TO THE ADJUSTMENT POLICIES AND PENSION REFORMS THAT THE IMF AND INTERNATIONAL ORGANIZATIONS OF THE ECONOMIC AND POLITICAL POWER OF THE LARGE ECONOMIC GROUPS APPLY AT THE INTERNATIONAL AND NATIONAL LEVEL, LEADING TO TURNING RETIREMENT INTO A SURVIVAL SUBSIDY AND ITS PRIVATIZATION, THE EXPERIENCE OF THE STRUGGLES THAT ARE DEVELOPING IN OUR AMERICA AND IN THE WORLD, UNITY OF THE ACTIVE AND RETIRED WORKING CLASS IS THE WAY TO FIGHT FOR A TRUE PUBLIC, DISTRIBUTION, ASSISTED, INTERGENERATIONAL PENSION SYSTEM, A HEALTH AND HOUSING SYSTEM THAT ALLOWS THE CURRENT AND FUTURE GENERATIONS OF RETIRED PEOPLE TO LIVE WITH AUTONOMY AND DIGNITY AND RETIRED!!

WE MUST DESTROY CAPITALISM TO END THIS GROWING INJUSTICE

SOURCE: Público The richest 1% of the population accumulates 63% of the wealth produced since 2020 worldwide In just one decade, the number of billionaires and their wealth have doubled, according to a report published by Oxfam Intermón. The entity is committed to raising taxes on those who have more to reduce growing inequality. The richest 1% of the population accumulates almost two-thirds of the new wealth generated globally between December 2019 and December 2021 and is valued at 42 trillion dollars. This figure translates into almost double that of the remaining 99% of humanity. These are the conclusions revealed by a new report by Oxfam Intermón. The entity has published, coinciding with the start of the World Economic Forum in Davos, the document that under the title The law of the richest, concludes that during the last decade the richest 1% has accumulated around 50% of the new wealth. "Elites are coming together in a context in which extreme wealth and poverty in the world have increased simultaneously for the first time in 25 years," said Franc Cortada, director of Oxfam Intermón. Thus, the NGO explains that for every dollar of new global wealth received by a person from the poorest 90% of humanity, a billionaire keeps 1.7 million dollars. The main consequence of this situation is that the fortunes of billionaires grow at a rate of 2,700 million dollars a day. The fortunes of billionaires grow at a rate of 2,700 million dollars a day In a decade, the number of billionaires and their wealth have doubled. Since 2020, the combined value of Spanish billionaires' wealth has increased by nearly $3 billion, equivalent to an increase of about three million dollars a day, according to Oxfam. In addition, the entity affects that last year energy and food companies doubled their profits and distributed 257,000 million dollars (just under 240,000 million euros) in dividends to their shareholders, compared to more than 800 million people "who go to bed hungry every night". The NGO also highlights that at least 1.7 billion workers live in countries where inflation growth is above that of wages. "Women and girls tend to eat last and in smaller amounts at home, and represent almost 60% of the world's population suffering from hunger," said Cortada. The solution: raise taxes on those who have more Faced with this situation, the NGO urges to raise taxes on large fortunes to 75%, to reduce growing inequality and mitigate the effects of a "polycrisis" derived from the rise in inflation, the blows of the pandemic and the effects of phenomena such as droughts, cyclones and floods. Oxfam says tax rates on the wealthiest should be "at least" 75 percent. In fact, the main conclusion of the study is that if a wealth tax of up to 5% were applied to billionaires and billionaires, 1.7 trillion dollars (1.5 trillion euros) could be raised annually, which would allow 2,000 million people to escape poverty, in addition to financing a global plan to end hunger. Currently, in about 100 countries the maximum i

ncome tax is around 31%, while in 123 states it does not exceed 18%, very low percentages that show a downward trend that breaks with what was in force "for much of the twentieth century", when the maximum marginal tax rates of 60% on personal income for groups with higher incomes "were the norm". Oxfam argues that tax rates on the wealthiest should be "at least" 75%, which would "discourage the payment of very high bonuses and exorbitant salaries to senior managers."

RETIREMENT IS A RIGHT ACHIEVED BY THE WORKING CLASS

NATIONAL COORDINATING TABLE OF RETIRED AND PENSIONED ORGANIZATIONS OF THE ARGENTINE REPUBLIC - Legal Status 8152- Address: Bmé . Miter 1419 –1° “A” (1037) CABA- Email: jubiladomesacor@yahoo.com.ar Blog.: www.mesacoordinadora.blogspot.com Facebook: National Coordinating Table of Organizations of Retirees and Pensioners

Press Release 1610 "Wednesday for Retirees" February 8, 2023 RETIREMENT IS A RIGHT ACHIEVED BY THE WORKING CLASS. THE EXISTENCE OF INFORMAL EMPLOYMENT, UNREGISTERED EMPLOYMENT, UNEMPLOYMENT, UNDEREMPLOYMENT, PRECARIOUS WORK, IN ADDITION TO THE LOSS OF LABOR RIGHTS HAS CONSEQUENCES ON RETIREMENT. TODAY IT IS MANIFESTED IN THE UNCERTAINTY OF AROUND 800,000 WORKERS (9 OUT OF 10 WOMEN AND 7 OUT OF 10 MEN) WHO, IN CONDITIONS OF AGE TO RETIRE IN THE YEARS 2023 AND 2024, WILL NOT HAVE 30 YEARS OF CONTRIBUTIONS. This situation will increase due to the rigorous compliance of the Government with the adjustments and regressive labor and pension reforms agreed with the IMF, for the payment of the illegitimate, illegal and fraudulent foreign debt. An IMF that has just produced a report on anti-inflationary policies, which in 2023 will cause a slowdown in the world economy, with consequences for wealth creation and distribution concentrated in a few hands. For big business, the real dominant power of the capitalist system, the aforementioned reforms are strategic to guarantee their extraordinary profits. It is the responsibility of the State to resolve, with funds from these large economic groups, the enactment of a law that allows ordinary retirement for those who do not have thirty years of contributions. Otherwise they will be forced to retire with the PUAM (Universal Pension for the Elderly), which is 80% of the so insufficient Minimum Retirement Credit, and to which women access with 5 more years, at age 65, and without admitting the PUAM the right to a widow's pension. Unregistered work, unemployment, underemployment, the reduction and elimination of state and employer contributions to pension funds, as has been happening, meet the objective of adjustments in what they call "expenses" in retirement and Social Security, defunding the Public, Pay-as-You-Go, Intergenerational Pension System and lead to its privatization, for the accumulation of profits from banking and financial capital. It is the policy that the IMF and the organizations at the service of the large economic groups apply worldwide and that the active and retired working class and the popular sectors resist, such as the struggles that are taking place these days in France (with general strikes and massive mobilizations ) and those that are deployed in the world. WITH UNITY AND MOBILIZATION THE FIGHT CONTINUES FOR THE END OF UNREGISTERED, PRECARIOUS WORK. FOR AN EMERGENCY INCREASE SO THAT THE RETIREMENT PAYMENT COVERS THE BASIC BASKET OF AN ELDERLY PERSON -AND PROPORTIONAL AT ALL SCALES-, FOR THE MOBILE 82% OVER THE BEST SALARIES, FOR THE MANAGEMENT AND ADMINISTRATION OF PENSION FUNDS BY WORKER REPRESENTATIVES @S ACTIV@S, RETIRED, WITH PARTICIPATION OF THE STATE