💨 Abstract

Uruguay faces a referendum to lower the retirement age, raising concerns among investors about the nation's financial stability. The reform would replace the private pension system, lower the retirement age to 60, and potentially burden the government and taxpayers with a large bill. If passed, it could compromise fiscal sustainability and jeopardize Uruguay's investment-grade credit rating, with the opposition arguing it would make current economic and social security policies unviable.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖