Last week, through Resolution 798/2024, the National Social Security Administration (ANSES) set the minimum retirement at $244,320.56. Previously, the minimum value was $234,539. Added to this is the fact that tonight the payment of a new extra sum for those who receive the minimum was published in the Official Gazette.
Despite the sustained increase in inflation, the value of the bond has remained unchanged since the government of Javier Milei decided to implement its payment, so its purchasing power deteriorated month by month and, currently, it is insufficient to cover the increase in the cost of living.
In addition to the increase in pensions, the increase in the amount of the pension was recently authorized. Universal Pension for the Elderly (PUAM)whose value was established in $195,456.45. In the case of the Universal Basic Benefit (PBU), was set at $111,765.50. In both cases, the extra income from the $70,000 bonus must be assigned to them.
The announcement of the new bonus comes just weeks after the head of state vetoed the Retirement Mobility law passed by Congress that proposed a new formula for calculating the minimum salary and determined the payment of an extra $15,000.
Chainsaw: 26% of the adjustment applied by the Government in the year fell on retirees
By For every $100 of the adjustment that the Government has been applying throughout the year, $26 was contributed by retirees, which makes the sector the one with the greatest participation in cost cutting.
In an analysis of data from National Public Sector (SPN) of August, the Argentine Institute of Fiscal Analysis (IARAF) estimated that in the first 8 months of the year the spending cut was 30% real compared to the same period in 2023.
“In the accumulated of the first eight months, national cash-based public spending fell $25.9 billion in constant August pesos compared to 2023,” the IARAF reported.
The report indicates that “14 of the 16 types of expenses had cuts of $26.3 billion in constant currency, then 2 had increases of $0.4 billionso as a result the primary spending decreased by $25.9 billion”.
“Of those expenses that fell, It can be seen that Retirements and pensions supported 26% of the total reduction (their participation decreased 1 pp compared to the previous month), real direct investment 15%transfers to provinces 14%, energy subsidies 11% and salaries 8%, among the most important,” the report states.
Source: Ambito
