A pensioners’ protest for more adequate retirement funds got out of hand today when police removed protesters, most of an advanced age, using force and a water cannon, even, after they refused to clear one of the car lanes they were blocking. Pagina 12 reports that the head of the Independent Retirees’ Movement, Mariano Sánchez, believes that, “It is an embarrassment that a retiree receives no more than AR $4,900. A retirees’ funds’ bill passed by the Macri administration was recently enacted. It seeks to readjust the amount of money pensioners receive from the government, after years of gross government mismanagement of retirement funds. Basically, retired Argentines have been chronically shortchanged when it comes to receiving their retirement funds — many simply haven’t gotten any and many others have been given sums far below what they need to live comfortably.

Source: The Bubble August 16, 2016 19:52 UTC