In the National Congress, President Alberto Fernández affirmed that
in 2022 the minimum retirement increased by 107%
, and that in this way he beat inflation for the year.
Why is the presidential statement incorrect?
Between December 2022 and December 2021, retirement and other social benefits
had an increase of 72.5%, well below the 94.8% inflation rate.
This represents a decline of about 22 points or 11.45% in one year, which added to the losses of the last 5 years.
Once again, the mobility formula was a loser in the face of inflation
.
The minimum retirement - December 2021 to December 2022-
went from $29,061 to $50,124 and the maximum retirement from $195,557 to $337,289.
Due to this strong loss, at the end of the year a bonus or monthly reinforcement for three months
-in December, January and February 2023- of $10,000
was added to the lowest assets
for those who received up to the minimum amount and a decreasing value for those who received up to 2 minimum salaries ($107,249).
Above the 2 minimum wages, there was no bonus, so they did not have any compensation for the higher inflation, as was the case in 2020, 2021 and 2022, to which was added the smaller increase they received in March 2020 with the increase by decree and to the losses of 2018/2019 during the previous Government.
.
Thus,
with this reinforcement of $10,000, the total minimum income
(minimum credit + bonus)
went to $60,124 in December, January and February 2023
.
To reach the 107% increase, the President compared the $60,124 with the minimum retirement for December 2021, which was $29,062.
But he omitted that in December of last year,
ANSeS paid a bonus of $8,000, according to decree 855/2021.
Consequently, to be homogeneous, the
$60,124 must be compared with the $37,062 of December 2021
($29,062 + $8,000), which shows an increase of 62.2%,
well below the 94.8% inflation rate.
In January and February, the year-on-year increase was 107%, because in 2022 in those same months there were no bonds and year-on-year inflation to February 2023 will surely exceed 100%.
Like previous bonuses
, until now this boost has not been applied every month
– leading to heavy MoM losses – and has not been integrated into the monthly credit,
depressing mobility increases that are applied on a lower basis.
In addition, they are not taken into account for the calculation of the half Christmas bonus.
Mobility comprises approximately 16 million people (7.3 million Retirees and pensioners) and the mothers and/or fathers of 8.6 million children and adolescents.
It does not include retirees and pensioners from special regimes, such as teachers, university professors, Luz y Fuerza, Judiciary, who have their own indices.
NS
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