whose annuities could not cover minimum monthly pensions; of the funds' 9.5 million affiliates, nearly 6 million had stopped making contributions. The 2008 financial crisis exacerbated the problem and in October, President Cristina Kirchner announced plans for the nationalization of the funds' investments of nearly US$30 billion. These accounts were transferred to the ANSES, while leaving contributors the freedom to invest in private pension funds. The resulting Integrated Social Security System (SIPA), administered by the ANSES, would be backed by the Sustainability Guarantee Fund (FGS). The FGS is a stabilization fund also established in response to the 2008 financial crisis, as well as to the rapid growth in the number of ANSES accounts. This latter development began when the transfer of AFJP accounts was made possible in 2007, and was bolstered by the Social Security Inclusion Plan, which allowed the entry of 2.5 million retirees into the system who had earlier been excluded due to insufficient contributions. Boudou was appointed Economy Minister in July 2009, and he was succeeded by Mortgage Bank Director Diego Bossio. President Cristina Kirchner further enhanced the role of ANSES in social policy. She signed the Pensions Mobility Law in 2008, which provides for semi-annual increases in the benefits schedule, thus formalizing a policy adopted by her husband and predecessor, Néstor Kirchner. Minimum pensions, which had been frozen from 1992 to 2002, rose by nearly 600% by 2010. She also enacted the Universal Childhood Entitlement in 2009. The benefit, contingent upon proof of a child's vaccination and enrollment in school, reached 30% of children, and directly resulted in a reduction in the nation's overall poverty rate from 26% to 22.6% within a year of its implementation. Following the loss of the Front for Victory's absolute majorities in both houses of Congress, opposition lawmakers passed a bill on October 14, 2010, reinstating the 82% móvil schedule. The President vetoed the bill, citing the improvements gained by the Inclusion and Mobility Laws, as well as the cost of the bill itself, which would increase ANSES spending by us$10 billion, and force the sale of us$19 billion in securities held by the FGS (56% of the total in 2010). The size and growth of the FGS portfolio, which grew by 60% in US dollar terms in the three years after the absorption of AFJP pensions in late 2008, accompanied an increased reliance on the FGS for national budgetary borrowing