OPC 5 Public Policy Evaluation 5 Fiscal Impact of Bill to amend the Special Pension Regimes of the Judiciary and the National Foreign Service

Fiscal Impact of Bill to amend the Special Pension Regimes of the Judiciary and the National Foreign Service

March 04, 2020

On February 14, the National Executive Branch introduced a bill on the special pension regimes for officers of the Judiciary and the Foreign Service of the Nation, which was approved by the Chamber of Deputies and is now being reviewed by the Senate.

Under current regulations, a deficit of AR$10.88 billion for the Judiciary’s pension regime and AR$2.34 billion for that of the Foreign Service is estimated for 2020.

Meanwhile, the fiscal savings derived from the amendments proposed (increase in the rates of personal contributions) are estimated at AR$3.89 billion for the Judicial Branch and AR$424 million for the Foreign Service.

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