This mobility is an automatic mechanism that adjusts pension benefits and family and universal allowances based on the evolution of price increases (CPI) and salaries.
Through the Resolution 216/2023 of the National Social Security Administration (ANSES) the mobility value was established for the last month of the year. This mobility is an automatic mechanism that adjusts pension benefits and family and universal allowances depending on the evolution of the price increase (CPI) and salaries.
On this occasion, it was determined that the value of Mobility for December 2023 will be 20.87%. This calculation is done following a specific formula.
To obtain this percentage, two fundamental elements are considered: the variation of the ÍGeneral Salary Index (IS) of September 2023 and the variation of the Average Taxable Remuneration of Stable Workers (RIPTE) for the third quarter of the same year.
In this case, the IS experienced an increase of 5.38%, while the RIPTE grew by 3.42%. By averaging these values and applying a cap of 8%, 20.87% is finally obtained as the mobility value for December 2023.
AUH and retirements: the scope of the measure
This increase will directly impact pension benefits, family allowances, universal and the income ranges of the family group established by Law No. 24,714, as of December 1, 2023.
This resolution is of great importance, since its impact translates into an increase significant in the income of millions of Argentines from the last month of the yearbenefiting those who receive pension benefits and family allowances, while adjusting the income ranges of the family group established by law.
The measure also comes in the midst of a very difficult economic context, since inflation in Argentina has remained high in recent years, reaching a year-on-year level of 142.7% in October 2023. By December, the price increase is expected to continue at high levels, which, according to analysts, could be around double digits. .
Source: Ambito
