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Retirees: those who earn the minimum salary will have an increase of 18% in April and the rest, 27%

2024-03-23T13:43:33.951Z

Highlights: Retirees: those who earn the minimum salary will have an increase of 18% in April and the rest, 27%. It is because the $70,000 bonus announced by the Government will remain unchanged. The bonuses began to be granted during the Government of Alberto Fernández as a compensation or patch because the mobility formula showed increases lower than inflation. As of September 2022, they became permanent – ​​they were granted every month – but they were not integrated into current assets.


It is because the $70,000 bonus announced by the Government will remain unchanged. It will be necessary to change the maximum amount to collect the bonus, which had been set the same as in March.


Retirements

and minimum wage pensions

would have an increase of 18% in

April

and the rest, 27.35%.

It is because the 12.5% ​​increase as compensation for the December-January loss that the Government announced plus the 13.2% that February inflation showed, would

not be applied to the bonus

of up to $70,000

that the pensioners of minimum salaries, according to

what Government sources

told

Clarín in relation to the DNU that will make these increases official.

Currently,

the minimum asset is $134,445 plus $70,000 of the bonus

(a total of $204,445).

Then,

the minimum asset would go to $171,215 in April, which, plus the $70,000 bonus, would total $241,225

and would represent

an increase of 18%

(if the bonus were included, the total should amount to about $260,360).

Of the 7.4 million retirees and pensioners, they receive the minimum salaries with bonuses of just

over 5 million.

Instead of integrating the bonus into the current assets,

with this decision, the Government would seek

to liquefy

the weight of the minimum assets in the total income of the retirements and pensions that receive that additional.

The bonuses began to be granted during the Government of Alberto Fernández as a compensation or

patch

because

the mobility formula showed increases lower than inflation

.

As of September 2022,

they became permanent

– ​​they were granted every month – but they were not integrated into current assets.

The value of these bonuses were

discretionary

and since they were not integrated into the assets,

they were not taken into account for the calculation of the half bonus or for the following increases

.

This would continue in April, since the value of the bond would not be adjusted for next month's salary increase.

The DNU will modify part of decree No. 268/2024 published this Thursday in the Official Gazette, by which the Government extended for the month of April the $70,000 bonus that had been collected in March along with the limit to collect it.

That decree established that

the bonus would be applied to retirements of up to $204,445 per month

.

Thus,

if this limit is not modified, the bonus for the minimum assets instead of $70,000 would be only $33,230

(cap of $204,445 minus the $171,215 of the new minimum assets) and those retirees would not have any increase in April.

In relation to December, the accumulated increase in income from the minimum assets would be 50%

($241,225 vs. 160,713) and 62% for the rest, compared to an inflation of around 71% (36.6% January- February plus 14% estimated in March plus 10% in April).

Due to the loss that retirees had against inflation in December and the first months of 2024 that the March increase (27.18%) did not cover, the increase in salaries should rise to 25% in April and add inflation February (13.2%),

that is, an increase of 41.5%, including the bonus.

If these data are confirmed, the change in the mobility formula, as happened under the Government of Mauricio Macri and Alberto Fernández,

would start with a decline in retirement amounts

, above the losses suffered by retirees and pensioners during those two previous governments. , with the aggravating factor that the lowest assets would suffer a greater loss.

NE

Source: clarin

All business articles on 2024-03-23

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