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Unlike France, Bolivia is a real pension reform!

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The Bolivian parliament has adopted on 3 December a new law on pensions, developed with the unions. Now, the age of retirement from 65 to 58 years in this country where life expectancy is 66 years on average.

Alongside these measures, the private pension funds in the country are nationalized.

choice diametrically opposed to that of our President of the Republic has just endorsed "his" pension reform whose cost will be predominantly supported by employees.

Sarkozy is not more than ever ... Morales

present in Bolivia, the payment of pensions is administered by two large foreign financial groups, namely English bank Bilbao Vizcaya Argentaria SA (BBVA) and the Swiss group Zurich Financial Services Futuro SA (ZFS). From 2011 these two companies will be replaced by a national public pension fund who will administer the contributions of the Bolivian people amounting to approximately € 3.5 billion.

The government's message is clear: "no more business or organization will be enriched with the management of pension funds."

The new pension law is a fundamental principle of solidarity and contains a number of significant social advances for workers in Bolivia: first the creation of a solidarity fund to improve the amount of pensions.

Employer contributions will be increased by 3% against 0.5% for those workers, and a further increase for those with incomes 20 times higher than the minimum wage (a proposal already raised in France by Jean-Luc Melenchon and qualified by our populist elites!).

A recalculation more favorable to workers also come into force, the disabled will now receive a pension (and even an extra in case of disability at 80%), as workers called independent (also forgotten the current legislation).

The situation of women is also greatly improved, especially by taking into account the years spent raising their children.

The mine workers will not be abandoned because they can now retire at age 56, even 51 years depending on the criteria for hardship. The employers will have to contribute about 2% to a special solidarity fund for this sector to improve the levels of pensions.

The government also announced that up to 5% of the amount of contributions will be used to invest in developing micro and small enterprises, the aim being that the new public pension firms can help generating production and employment in the country.

Bolivia progressivism gives the word its full meaning through the enactment of laws like that. So of course, some would say that comparing Bolivia to France is totally ridiculous, that life expectancy in both countries is enormous, and so on.

If indeed we can not compare our two countries, the path taken by Bolivia since the election of Evo Morales in 2005 appears to be an example to follow: that of national sovereignty and popular, the redistribution of wealth produced in the country, the socialization of the means of production strategic, well-being of the population and respect for humans.

And what is France doing in the meantime? Propose what was already provided by the Fillon reform of 2003: increase the number of years of contributions from 40 to 41.5 years, which means that many employees will be required to work beyond age 60 if they want Starting with a full pension.

The law on pension reform and will boost the retirement option by "capitalization." A boon for banks and insurance companies for group Malakoff Médéric first group "safety net" with more than € 3 billion in sales. This group is led by Guillaume Sarkozy, brother of the President of the Republic ...

More info: http://www.legrandsoir.info/La-Bolivie-socialiste- deepens-and-ENDORSES-sa-reform-of-retirement-Logic-sur-la-France-and-the-left-of-transformation.html