Debate on Pension Increase in Cuba

The reduction in the fiscal deficit and the increase in revenue allow for the adoption of a partial pension increase for retirees. The Minister of Finance and Prices (MFP), Vladimir Regueiro, stated today.

Speaking on the television program Mesa Redonda (Round Table). Regueiro explained that the increase will be partial and will not cover all demands. Despite the political will of the State, and he emphasized the priority given to this group despite the high fiscal deficit.

For his part, the Director General of Social Security of the Ministry of Labor and Social Security (MTSS), Benito Rey. Explained how the pension increases will be implemented and their amounts.

Rey explained that in cases involving death, pensions will be recalculated by applying the corresponding legal percentage (70 percent for one beneficiary. 85 for two, 100 for three or more) to the deceased’s updated pension.

In another matter, Regueiro addressed the implementation of Council of Ministers Agreement 10199. Which establishes the redistribution of unspent salary funds in budgeted units.

The minister emphasized that the aforementioned redistribution of the salary fund in budgeted units. Those with special treatment constitutes an incentive for workforce stability.

The measure applies to all occupational categories and includes workers who only received the benefit of additional monthly payments for years of service. However, he explained that bodies and agencies of the Central State Administration and national entities. That have approved differentiated salary treatments with salary increases are exempt.

For the implementation of Council of Ministers Agreement 10199, each budget administrator approves the Internal Regulations for the redistribution of the salary fund. Also with the prior agreement of the Board of Directors, and the union organization participates in its development.

With information from CNA

Radio Angulo
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