Known as August inflation of this year, which was 4.2%, retirees with the minimum They would have to collect in hand in October about $314,390, in case the $70,000 bonus is maintained. With this, the total assets will rise 3.1% in the month.
The estimate arises from the adjustment formula established by the Government through a Decree (DNU) which vetoed the formula to improve salaries and which the opposition in the House of Representatives could not repeal on Wednesday because it did not have two-thirds of the legislators.
The formula states that the adjustment It should be done with the CPI reported by the National Institute of Statistics and Census (INDEC) monthly.. Like that data appears between the 11th and 12th of each month, the adjustment impacts the settlement of the following month. That is to say, the one in August will serve to adjust the benefits paid in October.
In In September, the minimum amount established by law is $234,540, to which a fixed sum of $70,000 was added, which gives $304,540 final. In October the minimum will rise to $244,390, which with the $70,000 bonus will become $314,390.
Although having The minimum wage by law will rise by 4.2% based on the variation in inflation in August, since the fixed-sum bonus remains the same, the improvement is one point lower. September should close with inflation equal to 3.1% so that pocket money does not become outdated.
It is not the case of The maximum pensions that went from $1,578,234 this month will now be $1,544,519 with an increase of 4.2%, due to the fact that he does not receive bonuses.
In the case of the Universal Benefit for Older Adults (PUAM)will increase from $187,632 to $195,512to which if a bonus is added it would go to $265,512; while the Non-contributory pensions will be passed on from $164,178 to $171,073, which with bonus becomes $241,013.
What happens if the Government stops delivering the bonus?
When he announced Javier Milei’s veto of the adjustment formula approved by Congress A week ago, presidential spokesman Manuel Adorni questioned the continuity of the supplement, depending on whether the fiscal surplus is maintained.
The measure This would mean a 22.26% reduction in the pocket income of retirees at the base of the pyramid. if we take into account the amount they should receive next month.
The government maintains $70,000 bonus frozen for seven monthswhich has generated a liquefaction effect purchasing power, while reducing the overall spending of the pension system. The cut this year is in the order of 30%.
“Any increase for retirees, or in this case the bonus, will always be tied to the fiscal surplus and today the conditions are not in place for that to happen,” said the official calling into question continuity.
The purchasing power of the minimum pension registered a drop of 2.5% between November last year and August 2024, the report indicates. Argentine Institute of Fiscal Analysis (IARAF).
Source: Ambito
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