A date to salute those who worked for so many years to be able to retire and live their old age in peace.
September 20 is celebrated as Retiree’s Day in the Argentine RepublicThis event seeks to recognize those who have retired after a lifetime of work, and focuses on the need to guarantee the rights of those people who are no longer active, ensuring their access to a dignified retirement.
There are different specific types of retirement, but the most common is the ordinary one. This benefit is achieved with 30 years of service recognition and an age of 60 years for women, and the same number of years of service but 65 years of age for men.
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Why is Retiree’s Day celebrated every September 20?
The date is inspired by September 20, 1904, which was the day that Julio Argentino Roca sanctioned law n° 4.349Known as the first retirement law in Argentina, this resolution recognized the Pension Benefit for public employees of the Nation.
Both civil servants and civil agents were able to access a retirement contribution system thanks to it. This is how the fund was created that would contribute to people’s retirement. That same year the National Civil Retirement and Pension Fund was created. Although it initially included state and railway workers, it was later expanded to other activities such as aeronautics, banking, labor, journalists, among others.
How much does a retiree earn in Argentina 2024
Currently, retirements and pensions are tied to the Consumer Price Index measured by the National Institute of Statistics and Census (INDEC). Therefore, pensions increase in relation to the inflation of the previous month. In September, the minimum pension is $234,540, which would increase to $304,590 with the fixed bonus of $70,000 per month.
On the other hand, the maximum retirement is $1,578,234. And this type of income does not have a bonus.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
