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Argentina: Protests Rage as Lawmakers Roll Back Pension Benefits

HeadlineDec 20, 2017

In Argentina, lawmakers narrowly approved sweeping changes to the country’s pension system, voting 128-116 Tuesday as massive protests raged outside and unions called a 24-hour general strike. Under the new law, the formula used to calculate pension benefits will be tied to the inflation rate, a change economists say will result in smaller monthly stipends for retirees. The bill also raises the age of retirement—to 70 for men and to 63 for women. Ahead of the bill’s passage, thousands of protesters flooded the streets of Buenos Aires, banging pots and pans as they surrounded the capitol building. Police responded by firing rubber-coated steel bullets and volleys of tear gas at the crowds, injuring dozens and arresting some 60 demonstrators.

Rodolfo, retiree: “They’re robbing all of us. President Macri sticks his hand in our pockets. We could see this coming. Now those who voted for Macri and the traitors of Peronism should be held responsible, because they gave them the green light to approve this law.”

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