Starting December 1st, all pensions, pensions and other social benefits will be increased by 15.62% until February 28th 2023according to the mobility formula, as announced by the Minister of Economy, Sergio Massa, and the head of ANSeS, Fernanda Raverta.

Compared to a year ago, the increase is 72.5%, well below the forecast inflation, which is around 100%.. It represents a decline of about 27 points or 13.8% in one year, on top of the losses of the last 5 years. Yet the mobility formula is losing in the face of inflation.

The minimum pension ranges from $ 43,353 to $ 50,124 and the maximum credit from $ 291,722 to $ 337,289.

to the value of lower activities, a monthly bonus or a reinforcement for three months is added – in December, January and February – of $ 10,000 for those who receive up to the minimum amount and a decreasing value for those who receive up to 2 minimum amounts ($ 107,249).

Above the 2 minimum assets there is no bonus, so they have no compensation in the face of higher inflation, as was happening in 2020, 2021 and 2022, to which is added the smaller increase they received in March 2020 with the increase by decree.

So with this reinforcement, the total minimum income (have minimum + bonus) rises from $ 50,353 in September-November to $ 60,124 in December, January and February, an increase of 19.4%.

According to ANSeS head Fernanda Raverta, compared to a year ago, the minimum income has increased by 107%, about 6 points above the inflation forecast for this year.

To reach that percentage, Raverta compared $ 60,124 to the December 2021 minimum withdrawal, which was $ 29,062. But he omitted that in December of last year, ANSeS paid a bonus of $ 8,000, according to decree 855/2021.

Consequently, to be homogeneous, the 60,124 dollars must be compared with the 37,062 dollars of December 2021 (29,062 dollars + 8,000 dollars), showing an increase of 61.9%, well below 100%.

In January and February, the year-over-year increase will be 107%, because this year there were no bonuses in those months, although year-over-year inflation may be higher.

Like the previous bonuses, this booster is not integrated into the monthly credit, which depresses the mobility increases applied on a lower basis. Furthermore, it is not taken into account for the calculation of the half bonus.

Mobility includes around 16 million people (7.3 million retirees and retirees) and the mothers and / or fathers of 8.6 million children and adolescents.

It does not include retirees and pensioners of special regimes, such as teachers, university professors, Luz y Fuerza, Judicial Power, who have their own indices.

The plus or reinforcement of up to $ 10,000 covers 6.1 million retirees and retirees, 84% of all pension recipients.

Despite rising inflation and wage increases, the 15.62% increase in mobility is low because a special calculation is made in December; a) the increase of the first tranche of the mobility formula is calculated (50% according to the variation of INDEC and RIPTE Social Security salaries, the best of both, and the other 50% according to the variation in the collection of taxes that ANSeS, per beneficiary ). And then we compare with b) the overall interannual deposits of ANSES, increased by 3%, net of the increases of the previous three quarters.

In this case, for December, between a) and b), the lowest index is chosen, thus defining the quarterly and annual increase.

So, in summary, social security mobility is lower than inflation and lower than that of the remuneration of active workers – which is partly taken as the basis for the calculation of the formula – because the collection limit (b) has been applied. Also because the indices worsening on the upside of the inflationary process are taken from July-September. And it doesn’t have an automatic adjustment for price increases.

The Universal Child Allowance, also updated by the Mobility Index, rises from $ 8,471 to $ 9,794.