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View Full Version : Chamber approves social security changes



NewsWhore
08-01-2007, 05:40 PM
In its first reading, the Chamber of Deputies has approved the modifications to the Social Security Law, as requested by the government. However, the deputies did send the bill to a committee for study, but they only gave the committee one day to turn in its report. The legislation that comes from the Executive Branch contains proposals for different uses of Social Security funds and at the same time raises the individual contributions to the Family Health Plan and the Retirement Fund. Many observers have said that this is an acknowledgement of the need to fund a very large deficit in the Family Health Plan (SFS) and which is, by law, prohibited. Jose Ramon Fadul, the Minister of Labor, met with Julio Cesar Valentin, the president of the Chamber of Deputies to explain the need to modify Law 87-01. According to Fadul, "we need to capitalize the health funds a little more for the first of September (when the plan is supposed to begin)..."
At the same time the Chamber also sent bills for financing the Santo Domingo Metro to committee. The decision to approve and send the Social Security bill to committee was taken after three hours of debate, with the opposition parties expressing their negative opinions on the bill.

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