Argentina passes controversial economic

reform
• A major pension reform became law in Argentina early Tuesday morning
after violent protests rocked the nation's capital, Buenos Aires, on
Monday.

• Rioters threw rocks and Molotov cocktails while police fought back with
rubber bullets and tear gas Monday afternoon.

• More than 160 were injured, including 88 police officers and 74

protesters, according to state-run news agency Team.

• The new law revises the size of the payment four times a year instead of
twice a year, the way it did under the old system.
• The new formula also bases payments mostly on inflation, which is falling.

• The previous law calculated payments based on wages and social security
contributions.

• Critics argue it will hurt retirees, who paid into the system for much of
their working lives, by reducing their income.