Ismael Bermúdez
08/07/2020 - 8:49
- Clarín.com
- Economy
- Economy
While the Mixed Bicameral Commission for Social Security Mobility in Congress continues to analyze what the formula for increasing retirement, pensions and social benefits should be, in the next few days the Government will announce the increase in assets to be applied for the September, October and November. And as happened in March and June, the increase will be set by presidential decree.
It is discounted that the increase will be a percentage that will be applied equally to all beneficiaries, without distinction of assets, as was done in June , unlike in March, which was differentiated according to the ranges of assets.
The government expects that before the December increase, the new mobility formula will already be approved by Congress and the increases will be determined by the formula approved by Parliament.
The increase by decree to be signed by President Alberto Fernández will replace that of the suspended formula which, according to the evolution of inflation and wages in the first quarter of this year, shows an increase of 9.88% for September-November in all holding ranges of the general regime.
On the other hand, inflation in the second quarter - April, May and June - was 5.3%, but it is discounted that during the third quarter it would be much higher, on the order of 9%. For this reason, it is estimated that the increase could be between these two percentages.
Initially, the suspension of the mobility formula was for 6 months with the expectation of having a new one ready by September. But in mid-June, with the argument that the pandemic distorted the economic and social reality of the country, through Decree 542/2020, the Government extended this suspension by decree until December 31 of this year, establishing that the Executive Power determine the increases in assets "in order to preserve the purchasing power of the same, attending primarily to the beneficiaries and beneficiaries of lower incomes."
The DNU also extended the work of the Commission made up of members of the Executive Power and Congress that must propose a bill with an alternative formula and guidelines for updating the benefits of special regimes, such as that of teachers, university teachers, scientific researchers.
With the formula suspended, the September increase should be 9.88%, as a product of 70% of the CPI - 4.4% - and 30% wages (RIPTE) –5.48% - in the first quarter of this year .
With the increases in March and June, the almost 6 million national retirees, including those with the minimum credit, are charging less than what would have corresponded to the increases under the suspended formula. In March, the increase was 2.3% plus a fixed amount of $ 1,500 - flattening the assets - when the increase according to the suspended formula gave 11.56%. In June, the rise was 6.12% similar for all beneficiaries against 10.9% of the suspended formula.
Consequently, 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, 23.72% corresponded to all retirees and pensioners of the general regime. The loss ranges from $ 541 per month for the minimum credit to $ 14,032 per month for those who receive the maximum retirement.
All these numbers do not include the extraordinary bonds received by the lowest retirements and pensions because they were not integrated into the monthly salaries, therefore their effects are diluted over time, and because they offset a part of the 20% retirement loss during the Government previous.
NE