Union, CGTP, expresses dismay over assault on social security and stands firm against replacing the current system.

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Evening in, and Social Security is once again under fire, with the central trade union raising a red flag. They've declared that under the guise of saving the environment, a new assault on Public Social Security is brewing.

The union's concerns stem from the Green Book for Sustainability of the Providential System, a document created by a government commission in 2022 but presented by the PSD-CDS Government in 2024. This book contains proposals that, if enacted, could lead to private systems partially or entirely replacing the public system—a move financially beneficial for large banking and insurance conglomerates.

While acknowledging the need for alternative funding, the union regrets the government's intention to drastically transform the system. The members of the appointed Working Group— tethered to the financial industry—only reinforce these concerns.

However, the union emphasizes that a robust Social Security system can be achieved through increasing employment, minimizing precarious work, enhancing wages, and reducing the shadow economy.

On World Social Security Day, the union fiercely opposes replacing the public social security system with supplementary schemes or regimes. The key to addressing Social Security's challenges, according to the union, is fostering sustainable economic growth and job creation, instead of reducing social contributions, financing the system through taxes, capping benefits, or privatizing Social Security.

The union has also expressed opposition to any reductions or cuts to protection in illness, old age, disability, widowhood, orphanhood, unemployment, or family support.

In conclusion, the union stands firm in its commitment to defending and bolstering the public, universal, and solidarity-based social security system. The current climate demands heightened vigilance and preparedness to combat attempts to infringe upon workers' rights, including tactics meant to undermine the public social security system and the principles of intergenerational and professional solidarity upon which it stands.

Still, it's worth noting that discussions surrounding Social Security reform are massive, with concerns ranging from staffing cuts, potential benefit reductions, and privatization scares. Although your search didn't turn up specific statements from the central trade union in this regard, unions like these would undoubtedly oppose such changes due to their impact on workers and beneficiaries. Social Security, being a vital component of a nation's social welfare, tends to draw opposition from various groups when significant reforms are proposed.

Refer to our coverage CGTP demands a "15% wage increase" for more insights on the union's current focuses.

The government's reform policy, as outlined in the Green Book for Sustainability of the Providential System, warns of potential privatization of the social security system, which the central trade union vehemently opposes.
The union advises against replacing the current public social security system with supplementary schemes, arguing that sustainable economic growth and job creation is the key to addressing Social Security’s challenges.
In their criticism of the PSD-CDS Government's policy-and-legislation, the union emphasizes the importance of maintaining a universal, solidarity-based system, including protection in illness, old age, disability, and other areas.
In the spirit of intergenerational and professional solidarity, the union calls for increased vigilance against politically motivated attempts to undermine the public social security system, as such efforts may impact workers and beneficiaries negatively, falling under the realm of general news.