Retirement Age Adjustment Act of 2020
Rationale
Increasing the retirement age to 70 ensures financial sustainability of pension systems amid rising life expectancy and labor shortages.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Retirement Age Policy |
Retirement at 50
|
Retirement at 70
|
1
Retirement Age PolicyProposer
Party
Democratic Conservative
We build the bones of tomorrow’s prosperity today with steady hands strong hands and open doors for all.
Core pillars
María Campos
Chancellor · Age 54
A former economics professor who abandoned academia for politics, María Campos leveraged her sharp media skills and policy expertise to rise from a local council seat to a key strategist within the party.
Timeline
-
Draft12 February 2020
-
Vote Open12 February 2020
-
Vote Closed12 April 2020
-
Became Law12 April 2020
Vote tally
Live tally across each chamber. Weighted by seats held.
Congress of Deputies
PassedFor: 350 / 350 seats (100.0%)
Against: 0 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Democratic Conservative Proposer | 350 | Yes | No reason given |
| Empty seats | 38 | Not voted |
Senado
PassedFor: 266 / 266 seats (100.0%)
Against: 0 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Democratic Conservative Proposer | 266 | Yes | No reason given |
| Empty seats | 29 | Not voted |