The increase of pension and pensions and other benefits for the months of March to May would be around 17% and there will be a new one monthly bonus for those receiving lower retirement wages.
The percentage of mobility would be announced this Friday after INDEC released the wage index for December 2022, a variable that is missing to finish calculating the percentage increase in wages. And I would understand nearly 17 million people, including pensioners, pensioners, family allowances, AUH and other benefits.
Without the bonuses, the mobility formula in 2022 yielded 72.5% against annual inflation of 94.8%. A loss of 11.5%. With a rise of 17% in March, in 12 months the increase would rise to 79.7% and we will have to wait for the January-March inflation data to calculate the level of the year-on-year loss.
THE minimum retirement today it is $50,124 (gross) plus $10,000 bonus. In total $60,124. With 17% mobility, the minimum retirement would be $58,645. Thus, without bonuses, the retiree or minimum wage retiree would earn nominally less than in previous months, with a sharp further deterioration relative to inflation.
Accordingly, there will again be a bonus that it could bring total income to about $70,000 for the lowest incomes.
The mobility formula – which combines an increase in wages and an increase in the collection of taxes that goes to the Social Security, per beneficiary – does not include guarantee clauses or automatic compensation against inflation. And the bonuses are received only by pensioners and pensioners with lower salaries, flattening the income pyramid of the system.
Also, bonds have not been integrated so far as they have compensated a sector of retirees for a portion of the price increase in the month or months in which they are collected. But the following month or months, the retiree’s total income returns to the pre-bonus level and new bonuses are required and thus become more frequent.
The value of the bonds is instead discretionary, does not respond to any automatic formula and is not taken into consideration for future increases in equity. In this way the increases are granted on a lower basis and the pension loss continues and deepens “for life”.
Meanwhile, those who do not collect the bonus – over 2 million pensioners and retirees – and the rest of the beneficiaries of social benefits have no compensation and absorb, with a decrease in real terms of their assets, the total loss due to inflation.
The pension specialists ask that the bonus be integrated into the pension fund and be recognized to the beneficiaries of the entire system, in proportion to their assets.
Source: Clarin
