The minimum wage increased: how does it impact ANSES pensions and benefits?

The minimum wage increased: how does it impact ANSES pensions and benefits?

December 29, 2024 – 10:30

How ANSES retirements will be influenced by the increase in the Minimum, Living and Mobile Wage.

He Government of Javier Milei recently announced how much the Minimum, Vital and Mobile Wage starting in January 2025 and what its staggered increase will be like in February and March to reach the $296,832the agreed amount. This, after not reaching an agreement with the business chambers and the Unions.

Retirees within the National Social Security Administration (ANSES) They have the mobility formula to guarantee monthly increases based on inflation. However, this rise in the SMVM also influences them and they will see gradual increases.

Retirees

New value of the minimum wage

The Ministry of Labor determined the amounts that will govern the SMVM in the next four months. There he indicated that the current figure of $278,000 will rise gradually. While as of January 1, the amount will be $268,711, in February it will go to $292,446 and finally, in March it will be $296,832its final value.

On the other hand, the values ​​of daily workers will also increase in their “due proportion”: in December they will earn $1,399 per hour; in January it will be $1,434; in February $1,462; and in March $1484.

How the minimum wage affects ANSES benefits

The retired who have declared their thirty years of contributions and have reached the age of majority, that is, they completed the process without moratoriums, They charge 82% of the SMVM. That is to say, the salaries will increase in parallel to the increases announced by the Government. However, if the minimum retirement is below that line, a group you will receive a compensatory extra.

It also serves as a reference for the maximum amount, since this benefit nor may it exceed the established $296,832. In addition, the Minimum Wage determines the amounts that will be credited for the Unemployment Benefit.

Source: Ambito

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