Minimum retirement: How much will it arrive in March, according to a fact that Luis Caputo revealed?

To be confirmed The advance of the Minister of Economy, Luis Caputo, that the January inflation was around 2.3%, the minimum pocket retirement that will be charged in March would become $ 349,367.50. This is composed of the basics of some $ 279,367.50 and the $ 70,000 bonus that remains the same since last year.

The nominal rise in the retirees who are at the base of the pyramid It is due to the change of update formula that takes the evolution of monthly inflation. It applies with two months of lag, so the January IPC adjusts the benefit that is accrued in February, and which is charged to the expired month in March.

If the Government adjust the bonus for the January inflation with the same criteria with which the minimum is adjusted, the next March It would have to be $ 145,370. Add The minimum and the bonus, the loss will be of approximately 17% real order. Therefore, They would have to receive about $ 424,735.50.

The minimum retirement It will rise 107% nominalevidently above accumulated inflation during the period, but as The bonus will remain the same, the improvement will be liquefied. Adding both components will give a 70% nominal increase approximately.

Against inflation of accumulated January, which was 84%, the assets will have lost. But against February, when they accrue, they can win about 4 points (February IPC 2.1%, according to the last REM of the BCRA), while when they are charged they can win for about 27 points (2%CPI, according to the REM of the BCRA).

While retirement will begin to recover ground due to the freezing of the bonus, the minimum will do so Below what would have been if the government had incorporated the bonus at least in March 2024.

As scope anticipated, the Executive applied the worst adjustment formula to reduce pension expense and balance the National Public Sector (SPN) accounts, which It was affecting those who charge less. Those who are between the middle and high levels did not suffer adjustment and even beat inflation.

In a recent study, the Mediterranean Foundation points out that “retirement assets higher than the minimum began to recover in real terms as of March 2024”. “In contrast, assets minimums took more to repurate due to the freezing of the bonus and are still below the initial levels”, Says the note.

The estimate of the entity indicates that between November 2023 and the same month last year, the highest retirements had won inflation for almost 10%.

Hernán Letcher, from the Argentine Political Economy Center (CEPA), Instead that if the bonus that is being charged now In February it would have adjusted with the same criteria used for the minimum, it should have been $ 142,100 pesos.

February retirement

Retirement, pensions and assignments They are receiving this month arrive with an increase of 2.7% by the mobility formula that takes as reference the December Consumer Price Index (CPI).

For those of the minimum it adds The 70,000 bonus, so no retiree or pensioner will receive at least $ 343,086.50 pesos ($ 273,086.50 of minimal with increase, plus $ 70,000 bonus). Meanwhile, those who have inferiors lower than that figure will have a proportional bonus until they reach said minimum.

Still in February, it can be said that the beneficiaries of this segment won inflation, because the base of comparison with respect to 2024 is lower. In the first two months of last year, the bonus was $ 55,000 and just rose at $ 70,000 with what was received in March.