The retirement benefits will rise by 4% in September, in line with the inflation of July, which was released this week by INDEC, but for those who retire from the beginning of the ninth month of the year, the increase will reach 32.2%.
The marked difference between the amount that those who are already retired or those who become retired in August will receive compared to those who acquire that status from September is due to the fact that The Ministry of Human Capital updated the salaries that are taken as a reference to determine retirement, starting next month.
The decision of the portfolio led by Sandra Pettovello was announced through the Official Gazette last Friday, and responds to the fact that Law 27,426 determines that the coefficients of monthly remuneration to set the initial salary must be updated every three months based on the RIPTE (Taxable Remuneration of Stable Workers).
In this way, the cThe efficient updating coefficient of remunerations was 87,081.536 In the quarter June, July, August it increases to 115,130,326 for September, October, November, since the RIPTE increased in April by 16.1%, in May by 7.3% and 6.1% in June, which gives a cumulative total of 32.2%.
Before the aforementioned standard came into force, The updates were linked to the increase in pensions and salariesso there was no such gap. Under the current system, people who earn exactly the same amount of money can receive different benefits if they stop working or request retirement on different days.
In this context, the quarterly adjustment of salaries determines that it may be more convenient to retire in March, June, September or December, which is when the updates are implemented, than in the previous weeks or months.
How much will retirees receive in September?
Following the publication of the Consumer Price Index (CPI) for July, which reached 4%, and with the full validity of the inflation-linked mobility formula established by the Government, pensions and retirements will rise by the same percentage in September, so the minimum income increases from $225,454.42 to $234,540 and the maximum amount goes from $1,517,094.80 to $1,578,234.
In the event that the granting of a new bonus of $70,000 for minimum pension retirees is confirmed, The lowest amount will go from $295,454 to $304,540.
By applying the amount of the reinforcement without variations, the increase ends up being lower than the inflation index, since the rise would be between 2.8% and 3.07%, depending on the benefit.
How much do retirees earn with or without a $70,000 bonus?
In this way, it is recorded another difference in the collection of wages, as has been happening with each adjustment, which reflects that the increase in total income accumulated in recent months is considerably lower than the increase in amounts without considering the reinforcement.
In this sense, if the bonus of $70,000 for September is ratified, the Minimum income will accumulate an increase of 89.5% in nine months, below the 87% that the annual inflation adds up to until July.
This is because the reinforcement has not been updated since March, generating a constant loss in relation to price variations. In contrast, those who do not receive bonuses will see an increase of up to 121.8%.
Source: Ambito
