Luz y Fuerza retirees: the increase they will receive from January has been defined

Due to a special regime, the first quarterly increase for the nearly 37,000 retirees and retirees of Luz y Fuerza correspondent in December it will be 14.14%, That will pay in January 2023.

With this increase, and taking into account that both in March and in in September they received the accumulated 21.12%.over the course of 2022 they will total an increase of 67.44% against inflation that could settle around 98/100%. It represents a real loss of more than 40% in 5 years.

These percentages derive from the special law for the sector, which establishes the collection of a surcharge ie “the equivalent of the value resulting from the difference between 70% of the monthly average of the fees accrued in the last 12 months immediately preceding the date of termination and having been calculated in accordance with the provisions of Law no. 24,241. (General scheme).

Active workers in this union contribute 13%: an additional 2% to 11% of the general pension discount.

Instead of the six-monthly adjustments, with Resolution 1565/2022 of the Ministry of Labour, now those pensioners and retirees have a quarterly mobility on the basis of the changes in the fees communicated in art affidavit from electricity companies.

The sequence of increases was as follows:

• In 2018 each share was 13.54%, for a total of 28.91% against annual inflation of 47.6%. A loss of 12.7%.

• In 2019 those 2 shares were 13.4% which accumulated showed 28.6%, well below 2019 inflation of 53.8%. A loss of 16.4%.

• In 2020 those 2 cumulative half-yearly installments of 18.76% it added 41% compared to inflation of 36.1%. A recovery of 3.6%.

• In 2021 the 2 shares were 15.43%, a total of 33.2% against inflation of 50.9%. A setback of 11.7%.

• In 2022 the cumulative is 67.44% annual rate, about 30 points lower than the inflation forecast for this year.

The 5-year balance (2018/2022) is clearly unfavorable for this segment of pensioners and retirees, aggravated by the losses that occurred between semesters due to the monthly speed of inflation. And they reflect the loss of wages of active staff.

NS