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Those who retire in May will earn 21.8% less than those who retired in March

2024-04-17T12:20:07.073Z

Highlights: The initial salary of a new retiree is calculated according to the updated average salary of the last 10 years. In April, those already retired have an increase that can reach 18% (with bonus) and 27.4% (without bonus). And in May, 11%, without computing the eventual bonus. For those who retire in April or May, the initial salary is calculated with the same coefficients as in March and does not correspond to the increase in April and May. The new value or coefficient will be updated in June, ANSeS told Clarn. The Social Security specialist, Guillermo Jauregui, gave the following example: whoever stopped working and retired on March 15 with an initial salary in March of $237,002, with the increase will earn $301,822 in April and $335,854 in May, 21,8% less than if they had ceased their tasks in March. “There is a fundamental principle in Argentine provision that has been defined as "the indifference of termination."


ANSeS did not update the remunerations that are taken as the basis for calculating the initial salary. In June the new value or coefficient will be updated.


ANSeS

did not update the remunerations that are taken as a basis

for calculating the initial salary. Consequently, those who retire in April or May will have an initial salary of 16% and in May 21.8% less than if they had retired in March.

ANSeS told Clarín that the new value or coefficient will be updated in June.

The initial salary of a new retiree is calculated

according to the updated average salary of the last 10 years.

For this update, “remuneration update coefficients” are used, which were not adjusted for those who declared their termination of employment as of March 31, despite the fact that in April those already retired have an increase that can reach 18% (with bonus ) and 27.4% (without bonus). And in May 11%, without computing the eventual bonus. .

So, whoever retired in March, for example, with an income greater than the minimum (without the bonus),

in April has an increase of 27.4% and in May of 11%.

On the other hand, for those who retire in April or May, the initial salary is calculated with the same coefficients as in March and does not correspond to the increase in April or May.

This was explained by the Social Security specialist, Guillermo Jauregui. And he gave the following example: whoever stopped working and retired on March 15 with an initial salary in March of $237,002,

with the increase will earn $301,822 in April and $335,854 in May,

while, with the same remuneration, but ceasing $253,853 in April or $262,480 in May, 21.8% less than if they had ceased their tasks in March.

“There is a fundamental principle in Argentine provision that has been defined as “the indifference of termination.” This could be formulated as follows: if two people have an identical pension history and the last 120 salaries are the same and they leave on different dates, the salaries of both after the last person leaves must coincide,” said Jauregui. .

With law 27,426 (December 2017), the mobility regime and the updating of salaries for the last 120 months were modified: mobility was determined based on a formula, while salaries were updated with another criterion (RIPTE, Remuneration of formal workers). This meant that on some dates those who left before or after the increase had salaries that differed, but this difference was never a significant percentage.

The update coefficients have been applied in March, June, September and December

, which is the date on which the quarterly increases come into effect. But by DNU 274/2024, an extraordinary increase was introduced in April of this year.

Therefore, the Government should have updated the salary update coefficients for those who stopped working as of March 31. By not doing so, with the same updated average salaries, this difference of 16% occurs between having retired in March and doing so in April and 21.8% retiring in May.

S.N.

Source: clarin

All business articles on 2024-04-17

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