“The formula that generated the loss of 19.5% of the purchasing power of pensions between 2018 and 2019, in 2021 would continue to adjust pensions below inflation in a highly hostile context given the consequences of the pandemic,” the report said. .
Throughout 2021, four extraordinary bonuses were awarded: two of $1,500 in April and May; one of $5,000 in the month of August; and one of $8,000 in December to more than 3.5 million retirees and pensioners who receive a minimum salary.
If the bonuses are considered, a retiree from the minimum received $20,359 more throughout 2021 than if his assets had been updated by the suspended formula.
In case of not considering the extraordinary bonuses, a retiree with the minimum salary received $4,359 more during 2021 than what he would have received if his salaries were updated by the previous formula.
“In the evaluation of the data between December 2019 and 2021, income from retirement, pensions and allowances managed to exceed the suspended formula and accumulated inflation. Between December 2019 and December 2021, a person who receives the minimum salary will have received $15,600 per above the inflation of the period. This was possible thanks to the increases by decree, the 7 bonuses granted and the application of the new mobility formula,” the report said.
In the comparison with the suspended formula, between December 2019 and December 2021, a person who earns the minimum will have received $14,703 more than if the assets had been adjusted by the suspended formula, according to Undav data based on Anses.
Currently, there are more than 18 million people in Argentina who receive a retirement, universal allowance or one-off assistance whose adjustment is made through the pension formula: 7.2 million retirement and pensions, 4.4 million universal allowances, 4.9 million family allowances for children and adolescents; and 1.7 million allocations of another type such as prenatal, adoption, marriage or birth, among others.
Source From: Ambito
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