Hundreds of retirees in Paraguay reject the attempt to privatize the country's loan fund.
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00:00Hundreds of retirees in Paraguay rejected the attempt to privatize the country's loan fund.
00:05On Wednesday, groups of retirees protested against the loan system of the pension fund
00:10of the Social Security Institute, questioning its conditions and irregularities.
00:17They also condemned the intention of Santiago Peña's government to hand over the administration
00:22of the loans of more than 76,000 retirees to the banks.
00:26Moreover, they demanded greater transparency and better benefits to satisfy their needs.
00:32They are trying to privatize our loan fund.
00:37The only thing we retirees have left over is to withdraw our money for our medicine,
00:42to subsist, because no one can touch this money.
00:46I don't understand why they don't understand this.
00:49So, I declare it a government that is a thief because how are they going to touch the private
00:54money that is ours?
00:56They pay these three counselors that they are saying they represent, who weren't elected
01:00by us.
01:02We, as retirees, have the right to elect retirees who represent us and who know our needs.