VETO

Decree 1401/96

Note fully the Bill of Law enacted under No. 24,735.

Bs. As., 3/12/96

VISTO the bill registered under No. 24,735, sanctioned by the HONORABLE CONGRESS of NATION dated 13 November 1996 and

CONSIDERING:

That the HONORABLE CONGRESS OF NATION has sanctioned the replacement of section 34 bis, paragraph 4, of Act No. 24.241, establishing the compatibility of the benefit by advanced age with the perception of a civil or military pension, national, provincial or municipal, provided that the sum of both benefits does not exceed SEIS (6) times the value of the APORTE MEDIO PREVISIONAL OBLIGATORIO (AMPO) amount of the same age,

In addition, article 2 provides that beneficiaries who have opted under the requirements of Act No. 24,347 between another benefit and retirement by an advanced age may apply for the rehabilitation of the benefit under the conditions mentioned in the previous consideration and that it shall be paid to them from the date of application.

That an explicit prohibited compatibility is promoted - and that is still maintained in the first paragraph of the project - because the institution of the advanced-age benefit took into account to compensate the expectation of those workers who, reaching the age limit for achieving the retirement benefit, did not have enough years of service with contributions to access it.

That the requirements for obtaining such a benefit, with SETENTA (70) years of age and TEN (10) years of services with contributions, tend to the rigor of the requirement of the general regime, so that the worker reaches it as a result of his own effort, but not to add it to another benefit, since in such case the less requirement provided by the current law would be reversed.

That, on the other hand, the financial impact that the establishment of such compatibility would have on the INTEGRATED SYSTEM of JUBILATIONS and PENSIONS (SIJP) is undoubtedly, despite the proposed limit.

For the above reasons, it is appropriate to fully observe the Bill of Law, which is sanctioned under No. 24,735.

That the present measure is determined in the use of the powers conferred by article 83 of the NATIONAL CONSTITUTION.

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1 - Note fully the Bill of Law enacted under No. 24,735.

Art. 2° - Return to the HONORABLE CONGRESS of the NATION the draft law cited in the previous article.

Art. 3° - Contact, post, give to the National Directorate of the Official Register and archvese.- MENEM. - Jorge A. Rodriguez. - José A. Caro Figueroa.