Maduro proposes law that establishes monthly contributions from businesspeople to increase pensions

The president of Venezuela, Nicolás Maduroproposed this Wednesday the creation of a law that establishes a monthly contribution for businesspeople – calculated according to their net income – aimed at improving the income of retirees, who receive 130 bolivars per month, around 3.5 dollars at the exchange rate official.

This contribution is provided for in a bill that the head of state ordered to the executive vice-president, Delcy Rodriguezpresent tomorrow, Thursday, May 2, before the National Assembly (AN, Parliament), with a large pro-government majority.

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“Rodríguez will present a special bill, within the scope of tax justice, within the scope of social justice, within the scope of our equality project, so that the country’s businesspeople and employers can make a unique special monthly contribution, according to their profit liquid. income, so that the contribution captured in this law and in a new fund is destined to improve pensions“He explained.

At an event per occasion International Labor DayMaduro told businesspeople that, given “the block”And US sanctions were reimposed in April, everyone in the Caribbean country has to“make the effort” for what “there is a substantial and growing improvement”from retirees’ income.

Furthermore, he invited workers to accompany the vice president in “a tremendous march” towards the headquarters of the Legislature, in Caracas.

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Since March 2022, the pension, as well as the minimum wage, has remained at 130 bolivars per month, which at that time, at the official exchange rate, was around 30 dollars, and today 3.5 dollars, which means that it has been reduced by 88 dollars. % in its equivalent in US currency, used as a reference for setting prices in Venezuela.

In the country, the elderly have been forced to return to work and opt for reintegration into the job market as a necessity in order to remedy their “inability to feed”or buy medicine, in the midst of the crisis that the country is still experiencing, according to the NGO Deal with.

Source: Elcomercio

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I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.