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MEF on Expanding Recognition Bonus: “Congressmen Have No Ability to Pay”

The benefit will be for those who switched to SPP since 2002. | The fountain: Andean

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Plenary session Congress alternative text approved to increase the number of beneficiaries through a recognition bonus for affiliates and ex-affiliates National pension system (SNP) who decide to switch to a private pension system (SES).

The autograph must be sent to the executive branch, which will review, observe or approve it and subsequently make it public.

This was stated by the Minister of Economy and Finance (MEF) Alex Contreras during a conference led by President Dina Boluarte.

“I am waiting for a legal report on this matter, it should be noted that Congress has no spending initiativeIn this sense, we are going to make an assessment and will comment on it in due time,” the minister said.

What is the measure?

The legislative proposal was approved by 113 congressmen. If approved by the Ministry of Economy and Finance, a recognition bond will be issued to those SNP affiliates who joined the SPP after 2002.

The benefit will be delivered within 12 months after the publication of the law, for this the Social Security Standards Administration (ON PAGE) will have to publish a list of participants who receive this right each semester.

Money will be credited to individual accounts members.

Do congressmen have purchasing power?

Last November in constitutional Court interpreted Article 79 of the Political Constitution of Peru (CPP), and in doing so, he gave congressmen a free hand to create bills with solvency, which was prohibited by the Magna Carta itself.

For the Constitutional Court, Article 79 “does not prevent the legislative initiative presented by congressmen from being a legal source, so that subsequently and within the limits of its powers, the executive branch determines or considers the inclusion of necessary provisions in the law annually. budget to cover the costs that will eventually require its materialization.

In short, a congressman’s spending initiative is only prohibited if she intends to change the current budget, but not the budget of the next year or several years.

Source: RPP

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