When minimal retirees have charged next month They will have lost about $ 78,815 due to the freezing of the extraordinary bonus that the government pays, in what configures as a pension policy where the poorest finance the increases of those above them On the scale.
Why that situation? If the government had applied the same criteria to update the $ 70,000 bonus as the employee to raise the value of pension assets since March of last year, This would have to be 113% higher, according to estimates from the Argentine Political Economy Center (CEPA).
It is to remember that the minimal (no bonus) that was charged in March 2024 was $ 134,467, while it will be received next April (depending on the February inflation of 2.4%) It will be about $ 285,821. If the bonus had followed the same course, It would have to be about $ 148,815.
Although the sum of Having minimal more the frozen bonus is already winning the inflation of the last year, The reality is that this group of beneficiaries could be charging much moreif instead of continuing to deliver the bonus, the government had incorporated it into the basic in March last year.
Next month, The beneficiaries of the system that are on the lowest step of the pyramid will receive approximately $ 355,820 in hand, while in 2024 he had received $ 241,283. That marks a increase of about 47% against inflation from April to April that could be 44% (estimating that in March the CPI is again 2.4% and low to April 2%). He rest of retirees who do not have a bono will have an increase of almost 67%.
The ones who earn the least contribute
The scheme that the government chose to stabilize pension expense, Apparently, part of the principle that those who earn less receive less increase than those who earn the most.
Among the officials of the Treasury Palace It is displayed that the majority of those in the minimum entered by moratoriumthat is, without years of contribution. It would be like a punishment where they “pay fair for sinners.”
As if that were not enough, In December last year, the PAMI decided to restrict the number of affiliates that access five free medications per month. It is that from that moment on, a “social subsidy” has to be managed, a procedure that imposes requirements that were not demanded so far.
In that context, It is not surprising that the tension with the pension sector is still increasing despite the fact that hosts will generally be winning inflation last year.
The “taximeter” of indexed spending was activated again
The idea of binding the pension update to the last inflation activated the “taximeter” of public spending. Like last year that item left a Very low comparison floor, this year social security benefits rose 47% in real terms. They are $ 3.8 billion. In the bimester, $ 7.6 billion are already spent with a rise of real 40%.
Like the item Social Security is the most important of spending, according to data from the Argentine Association of Budgets and Public Finance (ASAP), in February, “For the first time since November 2023, the total expenditure accrued from the National Public Administration has a positive variation in year -on -year terms of 3%”. “Excluding interest payment, the primary expenditure showed a positive variation of 10.5% adjusted by CPI”says the private report.
Source: Ambito
