Ismael Bermudez
02/02/2020 - 23:00
- Clarín.com
- Economy
- Economy
This week, as soon as he returns from his trip to several European countries, Alberto Fernández will define the increase in pensions, pensions, family allowances and AUH that should apply for the months of March, April and May, and that involves 18 million people. The technicians of Economy, Labor and ANSeS will present to the President several alternatives. The first thing Fernandez must decide is whether the global increase will respect the 11.56% that would correspond according to the suspended mobility formula or a smaller percentage that represents “tax savings”.
The options that the President will have combine a fixed sum for all retirees and pensioners or a fixed sum plus a percentage. In both cases, the result would be a flattening of the retirement pyramid because in proportion those who earn less will receive a higher percentage than those who earn more.
What was discarded is to grant 11.56% to the entire sector plus an additional to those who earn less. In that case - without pension savings - there would also be flattening of the pension pyramid because those who earn the most would receive proportionately more, but respecting the “acquired right” of the suspended formula of the July-September 2019 period. Initially the proposal most linked to ANSeS, with differentiated increases, was to respect 11.56% of the total mass of assets. But from Economy they insisted that the objective of the suspension of the mobility formula was to generate a “fiscal saving” and that therefore the global increase should be lower than that percentage. And remember that, at the end of the year, in radio statements, President Alberto Fernández said: “I hate the lie. I am not like Mauricio Macri. Its formula is unpayable and the real salary of a retiree fell. We will continue to increase them with all the generosity we can. I will not freeze retirement, but they put a formula of impossible compliance. Now one has to sort the subject. ”
For example, one of the alternatives is to grant a 3% increase for all beneficiaries plus a fixed amount of $ 1,250. In this case, the overall increase would be 9% - a tax saving on the suspended formula of $ 5,000 million per month or almost $ 60,000 million in 2020, only for the retirement and pension segment. If then in June the quarterly increase was repeated by decree below the increase in the suspended formula (13%), in 2020 the “pension tax adjustment” would exceed $ 100,000 million.
In this example, for those who earn a minimum of $ 14,068, the increase in March would be almost 12% as it would go to $ 15,740. For those who charge $ 30,000, the increase would be 7.2%. For those of $ 50,000, the increase would drop to 5.5%. Those of $ 70,000 would receive 4.8%. And so, up to 4.2% those who charge the maximum credit. In summary, those who earn more than $ 15,000, would have an additional fall to the loss of 19.5% that, end to end, they had between September 2017 and December 2019.
This increase would be applied to the general regime pensions and pensions, non-contributory pensions and PUAM (universal pension for the elderly) covering 7,300,000 people. It does not include special regimes, such as national teachers, university teachers, scientific researchers, foreign service, judges and magistrates, and Luz y Fuerza that maintain their own mobility. According to the ranges of salaries, it is estimated that 4.5 million retirees and pensioners would receive just over 11.56%, and the remaining 2,800,000 would deepen the decline in their income. Non-contributory pensions and the PUAM would receive the increase because they would maintain 70 or 80% of the minimum credit. The increase has to be defined this week so that ANSeS can make internal adjustments and send funds to paying banks for payments that start in the first week of March.