Barely the Government defines what the new Minimum Vital and Mobile Salary (SMVM) will be, ANSES will be in a position to say whether it will pay a new bonus for retirees and pensioners who receive the minimum pension and have 30 years of contributions. The benefit is for the difference with the SMVM.
On the other hand, The Government has to decide whether it will pay a new bonus in Augustwhich until now was $70,000 for the minimum. The definition of this is up to President Javier Milei and will ultimately be determined based on tax revenues. It is clear that given the high level of surplus achieved in the first half of the year, the benefit could be granted, adjusted for the inflation that occurred in the first months.
Last On July 18, the meeting of the Salary Council failed to reach an agreement between employers and trade unionists to raise the minimum wage. Since May, it has been $334,315.12, which allowed for an additional $9,900 pesos to the minimum wage. Now, when the Government defines the new salary, the additional amount will have to be activated.
On the other hand, it should be define a new bonus for August to prevent retirees and pensioners from ending up earning less than in June
“The bonus is discretionary And we have to be serious, that’s why there will only be bonuses depending on how the situation is and the fiscal numbers,” said President Javier Milei. in a recent interview.
Since March a supplement of up to $70,000 per month is paid. If this policy were to continue, the lowest income that a worker receives retiree of the contributory system would go from $285,580.82 to $295,450.
Beyond The supplements that may be defined in the next few hours will increase retirement and pension benefits by 4.6% in August, in line with June inflationThus, the minimum salary could increase from $215,580.82 to around $225,450 and the maximum salary will go from $1,450,654.81 to $1,517,050.
These are gross figures, since after deducting the PAMI contribution, $218,687 and $1,432,790 are left in hand, if there are no other discounts, such as those on the moratorium fees.
The August adjustment will be the fifth one guided by the monthly variation of the CPI that began in April due to the effect of Decree 274. In the first eight months of the year, salaries will have had a nominal increase of 113.3%. Up to June, the adjustment was 95.75%, an index higher than the 79.8% accumulated in the first half of the year by the price increase of the general index.
But as the government set a $70,000 bonus for the minimum wages, and did not update it due to the effect of inflation, in fact, the A person in this situation ended up losing out against inflation. The accumulated increase between January and June was 72.3%, that is, lower than that of benefits without a bonus.
Source: Ambito
