Minimum retirements and pensions including the bonus
do not have any increase in April.
It is because they continue with the ceiling of $204,445, the same as in March.
This arises because the minimum asset for March rises from $134,445 to $171,776, an increase of 27.3%, plus the bonus of $70,000, with the addition that the total sum cannot exceed the limit of $204,445, similar to the one those retirees were paid in March.
Consequently,
due to the cap, the bonus is reduced to $33,229
($171,776 + 33,229, equal to $204,445)
If the cap of $204,445 were not applied – for which the Government would have to
repeal or modify last week's decree 268/2024
– the total income of retirees and minimum wage pensions should amount to $241,776 ($171,776 + 70,000 ).
And if the 27.35% increase were also applied to the bonus, the new limit should be $89,145, raising the total income to $260,921, that is, $171,776 + $89,145.
In this way,
the April increase would be largely liquidated
because the majority of retirees and pensioners (5,000,000 out of 7,400,000) receive minimum salaries, according to the calculations of lawyers Ariel Samana, Marcelo Baisburg and Aníbal Paz.
With the ceiling of $204,445
, the new values of the minimum assets would be the following:
Minimum retirement
: $171,216 + $33,229 adding $204,445 the same as in March.
PUAM
: minimum of $136,972 + $67,473 until reaching $204,445
Non-contributory pensions
: $119,851 + $70,000: $189,851
Instead of integrating
the bonus into the current assets
, 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.
And, on the other hand, that would reduce the flattening of the pension pyramid that occurred due to the appearance of bonuses and the differential increases between the minimum assets and the rest.
According to lawyer Aníbal Paz, "if the intention is for the bonus to be reached by the increase in April, a new decree clarifying or correcting the previous one would be necessary. Otherwise, there is liquefaction and absorption in the minimum assets."
S.N.