CFK raises ANSeS funding for pension loans

President Cristina Fernández de Kirchner announced that ANSeS controlled funding would be raised for pensioner loans and that interest tax charged by private loan companies to pensioners would be limited, during a ceremony held at the inauguration of a new social security office in Lomas de Zamora today.

“I wanted to announce here at this event, the inauguration of this ANSeS office, that I have come to take responsibility of a problem that currently affects 2 million people. It has to do with the rules on discounts for pensioners, who have to pay user taxes.”

According to the head of state, there are 589 agencies entitled to give out loans, including cooperatives, associations and unions.

“The taxation rate for loans given by the ANSeS can only be 5% higher than what the National Bank charges for the same loan,” stated the President,

“Let’s not commit socialism with everyone else’s money.  We believe in giving loans, not the overcharging and abuse of the system.”