Since 2008, Argentina’s pension scheme has been in state hands – as it should remain. Social security is a human right that governments must guarantee, and cannot be secondary to corporate profit.
Yet, in 2017, the US company MetLife sued the Argentine government at the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID). It argues that the state’s pension scheme violates the company’s rights as a private insurer. In response, ECCHR and Argentine partner organizations submitted an amicus curiae brief to point out Argentina’s human rights obligation to guarantee social security for its citizens, which can only be done through a public pension system.