Provinces have warned that ‘sustainability of provincial systems is at risk’ (Facebook)

By a note, the pension funds of Córdoba, Santa Fe, Entre Ríos, Chubut, Corrientes and Misiones, through the Federal Council of Social Welfare (COFEPRES) filed a claim with the National Social Security Administration (Considered) due to delays in transfers agreed under the provincial pension systems support scheme.

“Given the seriousness of the situation, the Federal Council for Social Welfare has sent a note to the national authorities asking them to be informed of the progress of the administrative and/or budgetary procedures to comply with the provisions of budget law approved by Congress. , the provincial savings banks said in a statement.

In order to implement this provision, “since 2017, it has been established by law that the amount of transfers that ANSES must make to each province results from the simulation of the imbalances that the national State would assume if the system provincial pension in question had been transferred”. into national orbit.

“Given the seriousness of the situation, the Federal Council for Social Action has sent a note to the national authorities”

For this reason, “ANSES is obliged, on the basis of the information provided by each province, to simulate what would be the deficit that the provincial system would generate in the event that the national pension regulations were applied”.

“With ANSES accumulating an unjustified delay in carrying out these calculations, the amounts it transferred were greatly exceeded in relation to the inflationary process. In the case of Cordoba, for example, during the year 2022, the amount calculated on the basis of the information for the year 2019 was transferred”, they explained from the Council.

To prevent inflation from eroding the transfers that ANSES makes to the provincial pension funds, Congress ordered the incorporation into the 2023 finance law of a mechanism for automatically updating their amounts. this is why the province claims that it is not complying with this law.

In the case of Córdoba, the information indicates that in the year 2022 the amount calculated on the basis of the information for the year 2019 was transferred. “This jeopardizes the sustainability of provincial systems,” warns the Council. To prevent inflation from eroding the transfers that ANSES makes to provincial pension funds, Congress ordered the incorporation into the 2023 finance law of a mechanism for automatically updating their amounts.

Applying the rule to this province, under the new regulations, it is entitled to receive $4.3 billion in January 2023. “If this had happened, the Fund would have covered all its expenses with real income. without needing to be assisted by the provincial treasury. “, they indicate.

“With ANSES accumulating an unjustified delay in carrying out these calculations, the amounts it transferred were greatly exceeded in relation to the inflationary process”

In addition, they specify that the standard established that the first updated transfer had to be made on January 20 of this year, however, “to date, ANSES has not made any transfer to any of the provincial savings banks” .

“Not only did I not update the amounts, but it also suspended the sending of funds,” the note to Fernanda Raverta reads and warns that “this decision involves a violation of the law with destabilizing consequences for the financial sustainability of the Fund”. “

Regarding the impact generated by the delay in the provincial accounts, they specified that in the case of Córdoba, it is equivalent to 20% of their disbursements. “In total, it’s analogous to 22,000 pensioners and pensioners being left without funding for their assets,” he said.

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