Through Resolution 798/2024, the National Social Security Administration (ANSES) set the minimum retirement at $244,320.56Previously, the minimum value was $234,539.
In this sense, the maximum amount was established at $1,644,046.07. In turn, the parameters of non-taxable basesranging from $82,287.12 to $2,674,292.72.
Although it has not been made official yet, The Government has already ratified the delivery of a $70,000 bonus for those retirees and pensioners who receive the minimum pension. This bonus, which has been a palliative measure against the sustained increase in inflation, helps to increase the income of millions of retirees, although it is still insufficient to cover the increase in the cost of living. Thus, for example, Those who collect the PUAM will receive $265,456.
In turn, Article 3 establishes the minimum and maximum tax bases provided at $82,287.12 and $2,674,292.72, respectively, as of the accrued period of OCTOBER 2024.
ANSES: how much was the PUAM and the PBU
In addition to pensions, the amount of the pension was also increased. Universal Pension for the Elderly (PUAM)whose value was established in $195,456.45.
In the case of the Universal Basic Benefit (PBU), was set at $111,765.50.
Chainsaw: 26% of the adjustment applied by the Government in the year fell on retirees
By Of every $100 of adjustment that the Government has been applying throughout the year, $26 were contributed by retirees, which makes the sector the one with the greatest participation in spending cuts.
In an analysis of data from the National Public Sector (NPS)) of August, the Argentine Institute of Fiscal Analysis (IARAF) estimated that in the first 8 months of the year the spending cut was 30% real compared to the same period in 2023.
“In the first eight months, national public spending on a cash basis fell by $25.9 billion in constant August pesos compared to 2023,” IARAF reported.
The report states that “14 of the 16 types of spending saw cuts of $26.3 trillion in constant currency, then 2 had increases of $0.4 billionso as a result the Primary spending fell by $25.9 billion”.
“Of those expenses that fell, It can be seen that retirements and pensions supported 26% of the total reduction (their share decreased 1 pp compared to the previous month), direct real investment 15%transfers to provinces 14%, energy subsidies 11% and salaries 8%, among the most important,” the report states.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
