On a day that marks a milestone in the history of Venezuelan social security, the president of the Bolivarian Republic of Venezuela, Nicolás Maduro, promulgated the Law for the Protection of Social Security Pensions against the Imperialist Blockade. This event, held at the emblematic Concha Acústica (Acoustic Shell) “27 de Febrero”, not only represents a commitment to defending the rights of elderly citizens, but also symbolizes the strength of the nation in the face of external economic challenges.
The law, which received unanimous approval by the National Assembly, seeks to shield pensions from the adverse effects of the economic blockade. In this sense, the head of state emphasized the shared responsibility between the government and the private sector, and underlined the need that businessmen contribute a significant percentage of their income to the pension fund, with the aim of ensuring the well-being of the nation’s grandfathers and grandmothers: “The business community must assume its role in this law, contributing a significant percentage to the pension fund. This joint effort is essential for the well-being of our grandfathers and grandmothers,” declared the president during the signing.
Likewise, with the signing of the Law, the president reaffirmed his determination to advance social protection, and announced an upcoming meeting with business leaders to consolidate consensus and secure the necessary resources for June.
For his part, the president of the National Assembly, Jorge Rodríguez, expressed his satisfaction at delivering the Law to the president, and highlighted the importance of its immediate implementation, to guarantee the social security of the older adults of the Homeland: “On behalf of the Assembly, we deliver this Law to the president for promulgation, thus ensuring its immediate effectiveness. It is a decisive step towards guaranteeing universal social security,” he declared.
