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Retirements: the March increase will be 8.07% and there will be an extra bonus to offset the loss against inflation

2021-02-24T15:01:46.122Z


The increase will be less than inflation, which is estimated at 11% for the first quarter. Who could charge it and when it is defined.


Ismael Bermúdez

02/24/2021 11:33 AM

  • Clarín.com

  • Economy

Updated 02/24/2021 11:43 AM

Starting in March, the increase in retirements and pensions and other social benefits will increase by 8.07% and

to compensate for the loss against inflation there will be an extraordinary bonus.

Thus,

government sources

advanced to

Clarín

who added that the

scope and value of the bond

will be defined by President Alberto Fernández, between tomorrow and Friday.

It is estimated that, as applied last year, the bonus will reach

those who earn the minimum retirement or a little more

, to

non-contributory pensions

that charge 70% of the minimum amount and those who receive the

PUAM

(Universal Adult Pension Higher).

In total a universe of almost 5 million people.

The decision was made because, with 8.07%, the first increase based on the

new mobility formula

, which will be applied for three months (March-May) had a

bad debut

for retirees, pensioners and other benefit recipients such as AUH, Asignaciones Familiares) that add up to

18 million people.

Anyway, in Casa Rosada they insisted that with the formula of the previous government, the increase would have been lower,

7.18%.

Plus point, minus point, the increase in retirements and pensions would be

lower than the inflation of the first quarter of this year

, even estimating a descending inflation (3.5% in February and 3.1% in March) since it would accumulate a rise of prices of

11%

, affecting the 18 million people reached by mobility.

In addition to retirements and pensions, the increase includes Family Allowances, AUH, non-contributory pensions and PUAM (Universal Pension for the Elderly.

And the mobility formula does not foresee compensation if inflation is greater than the increase in assets .

With the 8.07% increase, the minimum retirement

will rise from $ 19,035 to $ 20,571

to be collected during March, April and May.

Non-contributory pensions would be $ 14,400 and the PUAM would be $ 16,457.

The mobility formula does not contemplate any compensation if the increases are lower than inflation.

Nor does it contemplate a recomposition for the loss suffered by all the beneficiaries of the system in recent years, which is between 15 and 25%, depending on the ranges of assets.

But it does not prevent extraordinary bonuses from being granted,

which are not included in the pensioner's assets,

as happened in 2020. This means that

they are not considered as a basis for future increases.

The bond would cover 5 million retirees and pensioners with salaries a little above the minimum because - they argue in the Government - they are the most affected by inflation since they allocate a greater proportion of their income to the purchase of food, which It is the item that increased the most and had the greatest impact on the average CPI and on the value of the basic poverty basket.

In any case, the rest of the retirees and pensioners had losses between 2018 and 2020 of up to 25% and with 8.07% they will lose again against inflation.

In the case of the AUH, the Government argue that parents with children under 6 years of age - have compensation for the increase in the Alimentar card, which, since this month, went from $ 4,000 to $ 6,000 per child and $ 6,000 to $ 9,000 with 2 or more children.

Look also

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Source: clarin

All business articles on 2021-02-24

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