President Milei has announced that he will not be taking advantage of the lifetime monthly allowance regime provided for in Law 24,018. He emphasized that he does not want to receive retirement benefits without making minimum contributions or meeting age restrictions, and will follow the general retirement regime like all other citizens.
This decision by the President does not have any immediate legal or practical effects, as he currently does not meet the requirements to request retirement benefits while in office. However, it is seen as a personal statement with political implications, especially given his intention to veto pension changes that were approved by Deputies and offer improvements for retirees and pensioners.
Social Security benefits in Argentina are considered universal, comprehensive, and inalienable according to Article 14 bis of the National Constitution. Recipients cannot refuse the benefits but can choose to donate or assign them partially or entirely to others in need. This is done to prevent any exploitation of vulnerable populations affected by biological, pathological, or economic-social contingencies.
Experts point out that Social Security rights are integral and inalienable, meaning that individuals cannot relinquish the benefits they have acquired through the system. When leaving office, President Milei could apply for ordinary retirement under different legislation. However, his statement about forgoing retirement benefits was viewed as a political move rather than a legally binding action. Despite conflicting interpretations, it is emphasized that this communication from the President does not have any legally binding effects on his decision to refrain from retirement benefits.
Meanwhile, Ukrainian President Zelensky received a warm welcome at Omaha Beach for D-Day commemorations while the ECB initiated an interest rate turnaround by reducing key interest rates for the first time in several years. Additionally, there are reports of injuries in sports and ongoing developments in international relations regarding technology and space exploration.
In conclusion, President Milei’s decision not to exercise his right to retirement under a lifetime monthly allowance regime is seen as a personal statement with political implications rather than a legally binding action. Social Security rights are integral and inalienable but individuals cannot relinquish them when leaving office.
Ukraine’s president was greeted warmly at Omaha Beach as he honored D-Day’s 77th anniversary while Europe’s central bank took an interest rate turnaround by reducing key rates for first time in several years.
Furthermore reports indicate that there were injuries sustained during sports events and ongoing developments regarding technology and space exploration continue to unfold on an international stage.
Overall, these events highlight both historical significance and current issues affecting society globally.
