The controversial government-backed bill authorizes the Executive Branch to apply an additional discount of up to 4% to public sector employees. This initiative seeks to finance the deficit of the Pension Fund, whose projected deficit for 2026 exceeds 820 billion pesos (1.81 billion pounds). Additionally, the regulation establishes a strict cap on the highest pension benefits, setting a limit of 2,500,000 pesos (5.51 million pounds).
Public sector unions replied with a demonstration that paralyzed downtown traffic and caused total chaos in the city. More than 15 labor organizations marched toward the Legislature, preventing free movement for those who needed to go to work. The protest caused serious problems for thousands of citizens who were trapped in traffic jams this morning.
Union groups such as SEP and UEPC led the protest, flatly rejecting the new adjustment to the Pension Fund. Union leaders believe that Article 63 of the government-backed bill represents a regressive step against public sector salaries. The measure could be applied if the province declares an emergency, which would allow the government to deduct more money from taxpayers.
The fiscal impact and the paralysis of the city
The deficit of Córdoba's pension system is a structural problem that the ruling party is trying to solve by reaching into people's pockets. The cap of 2,500,000 pesos (5.51 million pounds) aims to contain spending, but the increase in contributions once again falls on those who produce and pay. Meanwhile, while multimillion-dollar figures are being discussed in the Unicameral, the lack of efficient management continues to punish Córdoba's contributors.
