The National Social Security Administration (ANSES) formalized through a resolution published in the Official bulletin that the pension mobility formula showed an index of 27.18% for March. The new amounts of the minimum and maximum pensions and the additional reinforcement have not yet been specified.
He formula result, which implies an increase in benefits significantly below inflation and, therefore, aggravates the deterioration of the purchasing power of income. With the increase of 27.18%, the minimum gross will rise from $105,713 to $134,446while the maximum gross asset will go from $711,346 to $904,690.
As established by law, all assets of the general system of the Anses they increase by the same percentage, regardless of their amount. Therefore, those who receive, for example, $200,000, will see an increase $254,360.
Retirements: Luis Caputo’s advance
On Monday night, during an interview on LN+, the Minister of Economy, Luis Caputomentioned that the increase for retirees in accordance with the mobility law would be around 30%, and added that a bonus will continue to be granted, although he did not provide details about its amount. nor what segment of retirees will be affected.
Resolution 38/2024 is signed by Osvaldo Giordano who continues to lead ANSES, after Javier Milei requested his resignation.
Retirements: the “bonus” policy
Now attention is focused on the possible recomposition of retirements and pensions through bonuses. In December, January and this month, those with the minimum retirement received an additional bonus of $55,000, lor which represented a notable 34% of his total income of $160,713.
For those with assets lower than this figure, a bonus was granted to reach it; For example, those with a monthly income of $140,000 received an additional $20,713. If no bonus is implemented in March, retirees with the minimum, who currently receive $157,542 in hand, would receive a net $130,413, which means a decrease of $27,129.
Since September 2022, the payment of bonuses was a continuous measure. This policy involves a implicit recognition by the previous administration about the insufficiency of lThe mobility formula in force since 2021, approved by Congress during the government of Alberto Fernández and Cristina Kirchner, to maintain the purchasing power of income.
Retirements: how bonuses are calculated
The calculation considers the quarterly variation in salaries (according to one of two official indices) and the interannual evolution, recorded in a quarter, of tax collection that is allocated in whole or in part to Anses, measured by profit.
Despite the weakness of this strategy (bonuses are not integrated into assets and can be withdrawn at any time), reinforcements generated distortions in the system and a flattening of the pyramid, affecting those who contributed the most to the retirement system.
How much did retirees lose in 2023
Only in 2023, Income experienced a decrease in purchasing power ranging between 14.2% and 37.4%. These disparities are explained by unequal treatment, since, in the face of high inflation, bonuses were granted to some and not to all. During the last 12 months until last January, The drop in the real value of income reached between 24.5% and 44.3%. In this second month of the year, the loss of purchasing capacity continues to accumulate.
Source: Ambito
