Fonavi: what is known about the return of contributions and who will be the first beneficiaries?

Fonavi: what is known about the return of contributions and who will be the first beneficiaries?

In October of this year, with 94 votes in favor, the full Congress approved the opinion that would make it possible to return contributions to the Fonavi. The autograph was sent to Executive powerwho will have until next November 13 to promulgate it and make viable the start of refunding money to 1.2 million people.

The legal proposal had already been previously observed by the Executive Branch, so Congress made some adjustments to the text and submitted it to a new vote. This also gives rise to the Government being able to observe it again..

What does the autograph sent to the Executive propose?

The standard modifies three articles of the Law 29625, Fonavi Money Return Law to Workers Who Contributed to It. In art. 4 it is proposed that, in the event that there is no information on the monetary contributions made by the worker, but there is evidence that he worked during the contribution period, the ad hoc Commission is empowered to calculate it. Likewise, you may make payments on account without limiting the right to receive an additional amount when the contributions are credited.

Who will be the first beneficiaries of the refund?

In article 10 it is stated that Priority should be given to those over 60 years of age, those registered with the National Council for the Integration of Persons with Disabilities (Conadis) and those who have a serious or terminal illness.

Article 12 establishes the order of priority for payment of the debt in the event of death, and also determines that, if there is more than one debtor with equal rights, the total amount to be returned must be divided equally.

On the other hand, in the final complementary provisions, it is stated that the resumption of the process of refunding contributions must occur in the shortest possible time, for which the ad hoc Commission will adopt the necessary agreements.

What does the MEF say about the return?

In an interview with La República, the head of the Ministry of Economy and Finance, Alex Contreras, assured that he will subscribe to the proposal sent from the Legislature. “Since my administration we have been in favor of returning the money to the Fonavistas (…) We are going to sign the autograph”, he commented.

According to the minister, the previous project was observed “because there was an imperfection” that if maintained “the resources would never be returned.”

Source: Larepublica

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