The Executive Power sent to the Congress of the Republic the bill (PL) that approves supplementary credits for the financing of higher expenses within the framework of the economic recoveryin favor of various specifications of the national government and regional and local governments, as well as other measures.
Among the final complementary provisions of the aforementioned PL, efficiency measures are incorporated in public spending in pensionsone of them being the change of name of the Pension Standardization Office (ONP) which would be renamed National Pension Agency.
“As of the effective date of this law, the Pension Standardization Office is called the National Pension Agency (ONP). Any normative reference to the Pension Standardization Office must be understood as being made to the National Pensions Office. The ONP is authorized to carry out the respective actions before the National System of Public Registries for amending entries, at no cost,” details the initiative of the Executive power.
According to the explanatory statement of the proposal, the change in the name of the ONP is to strengthen the entity before the citizen, “which could generate greater interest in the products and/or services it provides.”
“The aforementioned denomination will imply that the ONP assumes more obligations from other regimes, which will guarantee the timely payment of their pensions, avoiding administrative delays. The timely payment of pensions contributes to the dynamism of the payment chain, as well as to the efficient use of public resources and, therefore, to economic reactivation”, reads the arguments of the Government.
Source: Larepublica
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