The Minister of Labor and Social Security, Pablo Mieres, clarified that the advance will be discounted in January 2024.
The minister of Work and Social Security (MTSS), Paul Mieresannounced at a press conference that retirees and pensioners who receive the minimum will receive a 3% increase in advance of Julywhich will then be discounted in the supplement they will receive in January 2024.
“At the end of the year, the increase corresponding to the Constitution is made, the Average Wage Index (IMS) of 2023 and that will be the value of the increase in pensions,” said Mieres.
The head of the MTSS recalled that since the minimum retirements will already receive this 3% in advance, This will be deducted from the final figure of the IMS for the supplement at the beginning of next year.
For Mieres, the advance responds to “a custom that has been taking place for many years, since there is no legal obligation to do so,” but that there was in previous governments and in this one the idea of advancing the increases for retirees and pensioners with lower incomes.
Mieres believes that bringing forward the increase at this time of the year “It is an advantage for retirees who receive a slightly larger pension from the end of July”as a measure that can alleviate the effects of inflation on lower-income liabilities.
Mieres: “Due to a technical issue, the BPS may take a while”
On the other hand, reminded that there may be some delays in collectionand explained that “Due to a technical issue, it may take a while.because the Social Welfare Bank (bps) is very busy with the issue of regulatory decrees of the Social Security Reformbut it will be available.”
Likewise, Mieres reported that this measure was agreed “at the level of the Executive Power and was reported to the Budget and Finance Commission in the framework of the discussion of Accountability.”
Source: Ambito
