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All retirees are charging less than their due for the suspension of the adjustment formula and increases by decree

2020-06-16T12:06:09.785Z


The minimum retirement loses $ 541 per month. For a $ 30,000 profit, the monthly loss is $ 2,956. Flattening of the pyramid and loss of purchasing power.


Ismael Bermúdez

06/15/2020 - 10:06

  • Clarín.com
  • Economy
  • Economy

The almost 6 million national retirees and pensioners, including those with the minimum credit, are charging as of this month less than what would have corresponded to the increases under the suspended formula . And this happens because with the two presidential decrees the increases were between 10.2 and 19.9%, according to the ranges of assets, and with the suspended formula they corresponded to 23.72% for all retirees and pensioners of the regime general.

The loss ranges from $ 541 per month for the minimum credit to $ 14,032 per month for those who receive the maximum retirement. This monthly loss is maintained until August because the increases are quarterly. Then, it will depend on the future increases that the Government wants to continue being by decree until the end of the year. Thus the "flattening" of the pyramid of retirement assets is consummated, an intention expressed weeks ago by the Chief of Staff, Santiago Cafiero.

Thus, with the increase in June, the improvement of $ 197 per month that those who received the minimum credit had was annulled since they then received a 12.96% increase compared to 11.56% of the suspended formula. In June the increase is 6.12% without distinction of assets compared to 10.9% that would have corresponded with the suspended formula. The minimum credit since June is $ 16,864 and with the suspended formula it should be $ 17,405 . A difference of less than $ 541.

Meanwhile, the rest of the retired pensioners began to have a greater loss . For example, who received $ 30,000, for March-May received $ 1,278 less per month . Now for the next 3 months he will charge $ 2,956 per month less . (See Infographic). With $ 50,000 having been received in February, the loss for March-May was $ 3,130 per month and rises to $ 5,988 for the next three months. Represents a loss or less income in 6 months of $ 28,919, including the difference for the half bonus .

For retirees with higher assets, who with the March increase lost between $ 3,130 and $ 9,543, since June and for three months has a difference of less than between $ 5,988 and $ 14,032 per month.

All these numbers do not include the extraordinary bonds received by the lowest pensions and retirements because they were not integrated into the monthly salaries, so their effects are diluted over time, and because they offset a part of the 20% pension loss during the Government previous.

The future evolution of pensions will depend on the criteria with which future increases are applied by decree.

It will also depend on what the Supreme Court resolves both for the claims made against the adjustment of Mauricio Macri with the change in the mobility formula (favorable ruling of the Chamber of Social Security and the Attorney General of the Court in the Miguel Fernández Pastor case ) as well as the class action lawsuit sponsored by the Ombudsman's Office for the Elderly and individual claims against the retroactive suspension of mobility with the Emergency law.

Source: clarin

All business articles on 2020-06-16

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