This week, the Minister of Economy, Sergio Massatogether with the owner of the National Social Security Administration (ANSES)Fernanda Raverta, announced this Thursday new increases in the payment of retirement and pensions. From December there will be an increase of 15.6% for all retirements and pensions, which covers a universe of more than 7 million people. A reinforcement of 10,000 pesos was also confirmed for those who receive the minimum, during December, January and February. In turn, those who receive up to two minimum assets will have reinforcements of 7,000 pesos.
The ANSES announced that the The next increase due to the Retirement Mobility Law will be 15.6% and also add a extra bonus of $10,000 for those who receive the minimum credit, and $7,000 for those who want to receive up to two minimums.
“In 2022 the quarterly evolution of retirement assets does not match the evolution of prices“, the report states.
slogan that in all quartersthe mobility increases were between 4 and 6 points below inflation accumulated in the reference period.
Assuming that the year ends with inflation around 100% in December, mobility will accumulate 72.4% of increase.
The granting of bonds has led to a situation where retirees who earn the minimum have better protected their purchasing power compared to those that exceed the minimum.
The work says that although distributive reasons can be arguedas a social security scheme there is a problem: who have fully complied with the obligations to obtain a retirement (minimum years of contribution) and have contributed to a greater extent to ANSES, They see their real effective assets fall compared to those who charge the minimumthis last group dominated by people who retired via moratoriums, in many cases without meeting the requirements that the original law provided.
An exercise makes it possible to measure the loss of purchasing power faced by retirees and pensioners: if from December 2017 the minimum wages would have been adjusted for inflation (and not due to the mobility formulas in force since that year, in addition to the discretionary decisions of 2020), the amount received by retirees in December 2022, at current value, would be 35% higher ($16,632 extra, since it would go from $47,065 to $63,697).
Yes, on the other hand, the minimum credit due to inflation had begun to be updated in December 2019with the current government management, where the previous formula was suspended, with a transition governed by discretion and a new mobility since 2001, to fines from 2022 a retiree would earn an additional $7,408.
The loss rises for retirees who do not receive bonuses. When considering a benefit that in December will be equivalent to 3 minimum salaries ($150 thousand pocket pesos), it is estimated that, to recover what was lost between 2018 and 2022, with respect to the price evolution of December 2017, each retiree should be granted a sum of $698 thousand at constant November 2022 prices or the equivalent of almost 5 months of your retirement.
To recover what was lost only in 2022, receive $217 thousand or have an additional one and a halfsays Mediterranean.
Source: Ambito
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