The increase in
retirement and pensions and other benefits for the months of March to May would be around 17%
and there will be a new
monthly bonus
for those who receive lower pension assets.
The mobility percentage would be announced this Friday after INDEC disseminates the wage index for December 2022, a variable that is missing to finish calculating the percentage increase in salaries.
And it would comprise
almost 17 million people, including retirees, pensioners, family allowances, AUH and other benefits.
Without the bonuses, the mobility formula in 2022 yielded 72.5% versus annual inflation of 94.8%.
A loss of 11.5%.
With a rise of 17% in March, in 12 months, the increase would rise to 79.7% and we will have to wait for the inflation data for January-March to calculate the level of the year-on-year loss.
The
minimum retirement
today is $50,124 (gross) plus $10,000 bonus.
In total $60,124.
With a mobility of 17%, the minimum retirement would go to $58,645.
Thus, without a bonus, the retiree or pensioner with minimum salaries would receive nominally less than in previous months, with a strong additional deterioration in relation to inflation.
Consequently, there will again be a bonus that
could bring the total income to around $70,000 for the lowest assets.
The mobility formula – which combines an increase in wages and an increase in tax collection that goes to Social Security, per beneficiary – does not have a guarantee clause or automatic compensation against inflation.
And the bonuses are only received by retirees and pensioners with lower salaries, flattening the system's income pyramid.
In addition, up to now the bonds have not been integrated as they have compensated a sector of retirees for part of the price increase in the month or months in which they are collected.
But the following month or months the retiree's total income returns to the pre-bonus level and new bonuses are required to be awarded, which thus become more frequent.
On the other hand, the value of bonds is discretionary, does not respond to any automatic formula and is not taken into account for future increases in assets.
Thus, increases are awarded on a lower basis and the retirement loss continues and deepens "for life."
Meanwhile, those who do not collect the bonus - more than 2 million retirees and pensioners - and the rest of the beneficiaries of social benefits do not have any compensation and absorb, with a drop in real terms of their assets, the complete loss due to the inflation.
Social Security specialists demand that the bonus be integrated into the pension fund and be granted to the beneficiaries of the entire system, in proportion to their assets.