Minimum retirements charge a 3% increase on account

Minimum retirements charge a 3% increase on account

The retired and pensioners who charge the minimum will begin to receive this Friday the 3% increase on account announced by the Ministry of Labor and Social Security (MTSS).

The decree published by the Executive in this regard establishes that the increase will be for those beneficiaries whose retirement and survivorship pensions do not exceed 17,317 nominal pesos, being retroactive to July 1. Thus, the minimum will rise by about 520 pesos.

The increase is on account of the next annual adjustment that is made in January based on the Average Nominal Wage Index (IMSN). From National Organization for Retirees and Pensioners of Uruguay (Onajpu) They regretted that the increase was an advance on account.

“It is always well received when something else enters people’s pockets. From our organization it was raised for the most vulnerable retirements, because whoever collects 18,000, 19,000, 20,000, does not receive it,” he said. Estela Ovelarpresident of the Onajpu.

Where and how to collect the 3% increase in the minimum?

The beneficiaries of retirement and minimum pensions may collect their assets through a deposit in a bank account or electronic money instrument (Midinero, DeAnda, Prex and OCA Blue). Also in decentralized payment stores such as Abitab, Redpagos, Anda and El Dorado supermarkets.

Pensioners, who must be 65 years of age or older as of June 30, will receive the advance on account granted by the Ministry of Labor and Social Security once they present the survival certificate, the and the affidavit of income.

Beneficiaries who collect rent AFAP will receive the 3% increase exclusively on the passive activities paid by Social Welfare Bank (BPS).

Source: Ambito

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