Government Aims to Speed Up Transition to Special Regime for Self-Employed Workers (RETA)

The Executive intends to facilitate the integration of certain professionals who contributed to alternative mutual funds into the Special Regime for Self-Employed Workers (RETA). The goal is to boost revenue and address the Social Security deficit.

## The Leap to RETA

The government is promoting measures to make it easier for professionals who have been contributing to alternative mutual funds to join the Special Regime for Self-Employed Workers (**RETA**). Historically, some professions had the option to choose between the public Social Security system or their own mutual fund, often offering greater flexibility in contributions and pension recovery options.

Many of these professionals opted for mutual funds, sometimes making relatively low contributions. Now, with the intention of joining the **RETA**, a pathway is being peine for them to do so, contributing from the moment of their entry.

## Financial Implications

This maneuver aims, in part, to alleviate the significant deficit burdening Social Security. The new contributions, even if starting from lower bases due to previous contributions, represent an additional income for the public system.

However, concerns arise about the long-term impact. When these individuals retire, the pensions they will be entitled to could be disproportionately high compared to the low contributions made during their working lives in mutual funds. This could add further pressure to an already strained public system.