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The Government announces the increases to retirees after the suspension of the mobility formula

2020-02-14T12:59:52.177Z

It will be at 12, at a press conference. The increase would be between 11 and 12% for those who charge less, triple that of the highest income segment.



02/14/2020 - 7:34

  • Clarín.com
  • Economy

Following the suspension of the mobility formula established by Mauricio Macri, the national government will announce this Friday the increase that will apply in March, April and May for retirees, pensioners, beneficiaries of the AUH and Family Allowances, non-contributory benefits and elderly pensions (PUAM). It includes 18 million people.

The announcement will be at 12 in the Casa Rosada, at a press conference that will be offered by the head of the National Social Security Administration (Anses), Alejandro Vanoli, and the Minister of Labor, Claudio Moroni, the spokesmen said.

The increase, which will be fixed by presidential decree in replacement of the suspended mobility formula that had established 11.56% for all beneficiaries, will average between 9 and 10% of the global mass of benefits that will be distributed in differentiated form according to ranges of assets. The Government's commitment is that first quarter inflation is between those two percentages.

Clarín learned that AUH beneficiaries (2.2 million parents of just over 4 million children) will receive an increase of more than 11.56%. Currently the Assignment is $ 2,746 per child .

Retirees and pensioners will receive a percentage and a fixed amount which will determine that those who receive less receive proportionally more than those who earn the most. It is estimated that the increases could be around 11/12% for the lowest segment, down to just over 4% for those who charge the most.

Thus, the minimum credit, today of $ 14,068, could be around $ 15,750 . From that value, pensions and pensions will receive a percentage lower increase and accentuate the loss of 19.5% that, end to end, they had with the formula suspended between September 2017 and December 2019.

Alberto Fernández's government arranged a change in methodology to establish these increases. The modification came after the enactment of the Social Solidarity and Productive Emergency law last December, which suspended the application of the retirement mobility formula that was in force for 180 days, in order to determine a new scheme.

In parallel, at that time the Fernández administration granted fixed amounts for the sectors that receive the lowest pensions and non-contributory pensions. Those additional were 5,000 pesos in December and 5,000 in January.

JPE

Source: clarin

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