For the increase in the Minimum, Vital and Mobile Wage (SMVM) in June (rises from $ 84,512 to $ 87,987), 1,200,000 retirees and pensioners who that month will receive the new minimum ($ 70,938) and retired with 30 or more years of effective contributions, without resorting to moratoriums, will have an increase of $ 1,211.
That amount is in addition to the $15,000 bonus they will receive that month. In total they are $87,149 ($70,938 + 15,000 + 1,211).
This additional is because Article No. 5 of Law 27,426, approved in December 2017, specifies that retirees and pensioners "with 30 years or more of services with effective contributions" will receive "a monetary supplement until reaching a pension equivalent to eighty-two percent (82%) of the value of the Minimum Living and Mobile Wage.
In June, the SMVM rises to $ 87,987, according to Resolution No. 5/2023 on Labor. The 82% ($72,149) will be higher than the minimum retirement ($70,938) at $1,211.
Then in July and August the payment of that difference could increase if the value of the SMVM rises again.
In April that plus was $ 7,215 and in May $ 11,455. Now in June those bonuses are without effect and will receive the $ 1,211, plus the $ 15,000 bonus.
Since this transitory bonus was approved, it was paid in the months of January-May and from July to November 2018; in August and in October- November 2019, in October and November 2021, in August, in October, November and December 2022 and in January and February and in April and May 2023.
Retirees and pensioners who receive the minimum amount and retired by resorting to moratoriums do not charge that plus. They will charge in June the new minimum $ 70,938 plus the $ 15,000 bonus, a total of $ 85,938 versus the $ 73,665 they charge this May. An increase of 16.7%,
Retirees and pensioners with higher salaries do not receive this supplement and neither does the bonus of up to $ 15,000 that covers those who charge up to 2 minimum salaries.
It is the sector of retirees and pensioners that had the greatest setback against inflation because, like the rest, it had a loss of 19.5% during the Government of Mauricio Macri. Then in 2020 it received increases below those of the minimum, and in 2021, in 2022 and so far in 2023 it did not receive any of the bonuses that were granted to retirees and pensions of lower salaries.