Friday, August 26, 2016 ANSES ruling casts shadow over pension planPresident Mauricio Macri’s plan to increase pension payments to a group of senior citizens is starting to meet legal challenges, not long after the government’s utility rate hikes scheme was also dealt a crucial blow by the country’s Supreme Court. The ruling, signed by Judge Juan Fantini, partially upheld a complaint filed by Miguel Ángel Fernández Pastor, a lawyer and pensioner himself who worked at ANSES during Cristina Fernández de Kirchner’s administration. But it only applies for the next three months, in which any sale of FGS assets will be completely forbidden, or until a final legal ruling is made. According to the judge, the law’s article 28 did indeed open the door to selling shares in order to pay for common expenses. He did add, however, that some other ANSES spending that he saw as outside the agency’s goals would have to be cut.

Source: Bueno Aires Herald August 26, 2016 03:37 UTC