The objective of the initiative is that all beneficiaries receive an amount above $160,000on the one hand, and give a extra recognition to the beneficiaries who contributed their entire lives without interruptions. However, as official sources explained to Ambit“this last benefit has been applied for quite some time, it is not new.”
Bonus for retirees who did not benefit from any moratorium
It turns out that Those who reach 30 years of contribution are assigned an extra supplement so that they cover the amount of the Minimum Living and Mobile Wage (SMVM). In this way, they are recognized for a lifetime of contributions and compensated for those who managed to retire with fewer years of diverting money to the pension system.
Meanwhile, it is worth mentioning that, since The Government reported that the decision to reinforce pensions was taken due to “the serious socioeconomic situation that our country is going through.” which has caused, among other issues, an accelerated rise in the price index, with special impact on older adults with lower incomes, for whom it is necessary to provide support.”
As said, this Pension financial aid is for a maximum amount of $55,000 for those holders who, for the sum of the assets of all their current benefits, receive an amount less than or equal to $105,712.61. While, For the rest, this assistance will be equal to the amount necessary until the limit of $160,712.61 is reached.
Requirements to collect the bonus of $55,000 or less
To receive this bonus, the benefits must be current in the same month in which their settlement is carried out”, which “in the case of pension benefits, whatever the number of co-participants, they must be considered as a single holder for the purposes of the right to social security financial aid granted by this decree.”
So, People who earn 105,712 pesos will earn just over $160,000but all those who receive more than that figure, but that do not reach $160,000, will also receive a proportional bonus, as explained Anses it’s a statement.
On the other hand, the presidential spokesperson, Manuel Adorni reported that, until there is a retirement mobility formula (since the Government suspended it), retirees will be compensated monthly so that they stop losing against inflation.
Source: Ambito
