Businessmen argue that if the pension reform forces them to contribute a percentage for retirement, informality will also increase.
The reform of the pension system is currently under consideration in Congress, and for the Union of Trade Unions, a mandatory contribution rate for employers for the retirement of their workers should not be established —within the wide range of proposals.
In a statement signed by the Lima Chamber of Commerce (CCL), the National Society of Industries (SNI), the Chamber of Tourism (Canatur), Perucamaras and the Platform of SMEs, they point out that this mandatory contribution from employers would have a negative impact on the labor market: increasing informality and unemployment.
They claim that, according to the IDB, The non-wage cost in Peru is 68% of the average salary, one of the highest in Latin America, in addition to the fact that informal employment affects 71% of the population.
“If costs increase, many companies will not be able to afford them, especially SMEs,” they explained.
The opinion approved in Congress – with only 38 votes – establishes in the sections of article 8 that Any progressive increase in the contribution to the system – whether for workers in the public system or the AFPs – and the participation of employers must be approved by a law at the proposal of the Executive Branch, following an actuarial study by the ONP and the SBS.
Source: Larepublica
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