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how much they lost in the last 6 years and how they come to the discussion of the new formula

how much they lost in the last 6 years and how they come to the discussion of the new formula

The purchasing power of minimum retirees fell almost 36 points compared to 2017 and is expected to continue falling in the first quarter of 2024.

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Between the changes that the original version of the omnibus law underwentappears retirement mobility formula that, although it is maintained For the first quarter of the year, the ruling party proposed that, starting in April, begins to be updated using the national Consumer Price Index (CPI).

But How much have the salaries of older adults lost in recent years, and how do they really come to the discussion of the new formula?

Retirements: how much did pensioners lose with the mobility reforms?

Both in the government of Mauricio Macri, as in that of Alberto Fernandez, The retirement mobility formula was readjusted and in each of these modifications, retirees ended up losing, at least at the beginning of its application. Now the president Javier Milei It also promotes changes in the updating of the assets of older adults. Will history repeat itself?

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“The real minimum asset in 2023 was 64.3% of the value of 2017that is, it was 35.7% lower”, noted economist Nadín Argañaraz in a report. There he analyzed how retirements came into the discussion of the new mobility formula and how much they lost in the last six years.

  • A retired with the minimum who received bonuses arrives with a accumulated loss of $1,924,878 on their backs. He lost 9.4 assets in the last 6 years.
  • A retiree with the minimum did not receive bonuses arrives with a accumulated loss of $2,808,390 on their backs. She lost 13.7 assets in the last 6 years.

These drops in purchasing power They are calculated with a monthly inflation of 5%as Argañaraz explains.

Retirements: how do retirees come to this discussion about a new mobility formula?

In this way, older adults come to the discussion of the new retirement mobility formula with a significant drop in purchasing power that, in the first quarter of the year, will continue to collapse, since inflation is expected to continue in January and February. around 20% monthly and only in March did it drop below that figure, but not below double digits.

Under this scenario, “There should be compensation for what was lost in the last 6 years“, concluded the economist.

Source: Ambito

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