Amid a tense atmosphere, the vote was held at 5 in the morning
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The Legislature of Córdoba approved the 2026 Budget early Thursday morning and also approved pension changes with an "additional" 82% for provincial retirees who receive less than $1,300,000 and an increase in contributions to the Pension Fund.
The regulation, promoted by the ruling party Hacemos Unidos por Córdoba and based on a popular initiative that gathered more than 38,800 signatures from retirees, seeks to guarantee the sustainability of the Pension Fund amid a deficit worsened by the lack of national transfers, according to the argument.
La Legislatura de Córdoba aprobó este jueves a la madrugada el Presupuesto 2026 y además cambios previsionales.
The ruling party aligned with Governor Martín Llaryora moved forward with bills that expand the powers of the Executive Branch to increase contributions from active public administration workers.
Pension changes in Córdoba
The law introduces several key changes to address the critical financial situation of the Córdoba Pension, Retirement, and Annuity Fund:
-Partial reinstatement of the 82% mobile benefit: A non-remunerative monthly supplement is established to offset the deduction of personal contributions in the calculation of the benefit, up to 82% for approximately 60,000 retirees with benefits around $1,300,000. This measure mainly benefits retirees with lower incomes, although it doesn't entail a full and universal reinstatement of the historic 82% mobile benefit.
-Increase in personal contributions: Governor Llaryora is authorized to raise contribution rates for active workers by up to 8%, according to progressive scales that will prioritize sectors with higher salaries (such as judicial employees, bank employees, EPEC employees, and municipal employees).
-Suspension of solidarity funds: The application of the Solidarity Fund for Imbalances is temporarily suspended for the duration of the emergency.
-Transfer of subsystems: The Executive is authorized to transfer the administration of pension subsystems to union entities that request it.
-Claim to the Nation: The law instructs national senators and deputies from Córdoba to seek in Congress the funds owed by ANSES, estimated at more than $30,000 million per month, in order to comply with current agreements.
The session, chaired by Vice Governor Myrian Prunotto and Provisional President Juan Manuel Llamosas, took place in a climate of high tension, with massive protests by public sector unions hours earlier in the streets surrounding the unicameral legislature.
