Ismael Bermudez
05/10/2021 4:33 PM
Clarín.com
Economy
Human Resources
Updated 05/10/2021 4:33 PM
The increase in retirements and pensions and other social benefits will be
12.12%.
These benefits include Family Allowances or AUH, non-contributory pensions and (PUAM) universal pension for the elderly.
This increase includes
18 million people
and must be applied from
June 1 to August 31.
This is how
the head of the ANSeS, Fernanda Raverta,
told
Clarín
based on the indices of the mobility formula.
“This formula is beginning to pay off.
The 12.12 percent increase will allow all benefits to be
increased
in the second quarter of 2021
above inflation for the period, ”
said Raverta.
“It is important to note that through this increase the minimum retirement will amount to
23,064.70 pesos
when in December 2019 it was 14,068 pesos.
For its part, the Child Allowance and the Pregnancy Allowance will increase to
4,504 pesos,
for December 2019 they were 2,746 pesos, ”added Raverta.
The 12.12% increase arises from the mobility formula that combines half of the quarterly variation in wages -in this case, the first quarter-, according to the RIPTE (Taxable Remuneration of State Workers prepared by Social Security) and the INDEC Salary Index, the highest of both.
And the other half of the formula is made up of the variation of the first quarter of this year of the tax collection per beneficiary that goes to Social Security.
By the formula of the Government of Mauricio Macri, the June-August increase would have been lower,
10.33%.
For those who earn the minimum retirement ($ 20,571 gross)) who in April and May received a bonus of $ 1,500, ($ 22,071 gross in total) the increase is lower: 4.5% because in June they will receive $ 23,064.
About $ 1,000 more, unless the Government has new bonds.
12.12% is an increase slightly lower than the 13% inflation in the first quarter.
It represents an average nominal improvement of
3.9% per month.
And it will depend on the evolution of prices during April-June to know if it will win, it will tie to the inflation of April-June.
In March, the formula debuted with a quarterly increase of 8.07% based on the indices of the IV Quarter of 2020 when inflation in those months was 11.34%.
And in June with 12.12% compared to inflation in the I quarter 2021 of 13%.
Is that the mobility formula does not have a guarantee or a "floor" that indicates that the pension increase cannot be less than the increase in prices of the previous quarter.
With 12.12%, the accumulated increase in 6 months (March-August) would reach 21.87%.
With Mauricio Macri's management formula, the increase in those 6 months would have been the smallest, 18.25% (7.18 in March + 10.33% in June, accumulated)
Compensatory bonds
With the 8.07% increase in March, and to partially offset the loss against inflation, the Government granted two bonds of up to $ 1,500, in April and May, for those who receive up to $ 32,356.
Thus, those who collect the minimum retirement ($ 20,571 gross) received in
April and now in May a total of $ 22,071 ($ 20,571 + 1,500).
However, the bonds
were
also
lower than current inflation
because it is discounted that January-April the rise in prices would exceed 17% (the April data will be known next Thursday the 13th) and in May it could exceed 20%.
Now for the calculation of the June increase, the bonds are not taken into account because they were not integrated into the assets.
Then ANSeS should have new bonds for the following months.
This increase does not include retirees and pensioners of special regimes, such as teachers, university professors, Luz y Fuerza, and the Judiciary, who have their own indexes.
