Despite the activation of the new retirement formula, which increased salaries by 27.4%, there is a range of older adults who will only receive 2.1%. Who are they and why?
Due to the lack of updating of the Minimum Vital and Mobile Wage (SMVM) and despite the launch of the new formula mobility with a 27.4% increasethere is almost 1.5 million retirees and pensioners who will receive an increase of only 2.1% (about $5,000 more) on the salaries they received in March.
Retirements: almost 1.5 million will receive an increase in salaries of only $5,000
It turns out that as the SMVM updates the assets of minimum retirees, who have 30 years of contributions or more without moratorium. This group of people in the third month of the year perceived the 82% of the minimum wagewhich increased to $202,800: some $166,296while the minimum retirement was $134,445.30. To these amounts, in both cases, was added the $70,000 bonusthat is, the Seniors who retired with a moratorium received $204,445.30 while those who contributed and received $236,296 that month. Some $31,850.70 further.
Now, in April, this 1.5 million retirees with the implementation of the new mobility formula will amount to $171,283.30 plus the $70,000 bonusfor which this month they will charge in total $241,283.30while in March they received $236,296. This gives a difference of just $4,987.30.
In this way, minimum retirees with contributions of 30 or more years will receive a 2.1% more while those on the minimum with a moratorium will receive a 18% more and the rest of the older adults with medium and higher incomes will have a rise in 24.7%.
Pensions: what increase will this group of people receive?
Meanwhile, the people who charge Universal Pension for the Elderly (PUAM) they will have a rise of 16.6% and the Non-Contributory Pensions (PNC) An increment 15.7%.
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When was the 82% mobile rate granted to retirements with contributions of 30 years or more?
Retirees with 30 or more years of contributions cannot collect less than 82% of the SMVM, since this is provided for by the Law 27,426 in its article No. 5approved during the management of Mauricio Macri in December 2017. “The national State guarantees the beneficiaries of the Universal Basic Benefit (PBU) that prove 30 or more years of service with effective contributions (without moratorium), the payment of a monetary supplement until reaching a pension amount equivalent to 82% of the value of the Minimum Living and Mobile Wage,” the rule states.
In this way, retirees and pensioners who earn the minimum salary and retired by attending In moratoriums they do not charge that extra. Just as those with medium and high incomes do not charge bonuses or that supplement.
Notably, This last sector was the one that had the greatest loss of purchasing powersince in recent years to compensate for inflation bonuses were paid, but they did not receive them.
Source: Ambito
