The government has this Friday regulated the law that allows the moratorium on pensions for those who do not reach 30 years of compulsory contributions in order to be able to retire. and they met details that affect access to the benefit.
For example, to enter the pension debt payment plan, applicants “They shall not enter the foreign exchange market for the purpose of obtaining foreign currency for a period of TWELVE (12) months, counted from the date of submission of the application.
Furthermore, based on a number of parameters, ANSeS will assess the applicant’s socio-economic situation before granting the benefit. If it satisfies these parameters, can cancel the debt for the years of moratorium up to 120 installments, deductible from the pension credit. The commission amount cannot exceed 30% of the current minimum credit amount.
But, if you exceed those parameters, you will only be able to access the moratorium if you pay off the debt “in a single solution, which will not be deductible from the pension credit”.
With a 10-year moratorium and if you start collecting the minimum amount, in one payment that’s $687,594 who recovers them in 11 months counting the Christmas bonus. And with 20 years it’s 1,375,190 dollars, which can be recovered in 22 months, including the Christmas bonus, according to the calculations of the lawyer Andrea Falcone.
This is established by the regulatory decree 173/2023 published in the Official Gazette.
For this assessment, the decree specifies that ANSeS must take them into account different parameters “with the reliable information available in the databases available at the time of carrying out the related analyses, with the provided by the AFIP and with the information or documentation that has been requested from the applicants in the terms established by it”.
To this end, the decree authorizes ANSES to provide “the information necessary for the patrimonial and socio-economic evaluations established in the law which is regulated”.
The parameters are:
- Gross annual income received by the applicant;
- Statement of assets in substitute declarations of personal wealth taxand/or possession of assets informed by the National Directorate of National Registers of Automotive ownership and Pledged Credits, and/or possession of assets reported by the National Administration of Aviation Civil, and/or possession of boats iReported by the Argentine Naval Prefecture;
- Expenses and/or consumption. To this end, expenses made with credit and/or debit cards will be taken into account.
As Clarin explained, the moratorium will only serve to access the pension. It will not affect credit, which will be calculated on the basis of the contributions actually paid without a moratorium. In other words, whoever retires with the moratorium will have a “discount” of your pension because you will only receive the years paid and you will also have a credit discount on the fee during the months or years that the moratorium lasts.
Therefore, at the March values, for a worker with an employment relationship with an average gross salary updated in the last 120 months equal to 200,000 dollars (average taxable salary of the system), the pension and the quotas that will be deducted for accessing the moratorium would be following:
• With 10 years of contributions and 20 years to regularize with a moratorium before December 2008, would retire today with a minimum credit of $58,655 (plus $15,000 bonus through May 2023) And $11,459 would be discounted in a 120 installment payment plan. The money would be $47,206, almost similar to PUAM’s (Universal Benefit for the Elderly) $46,932, as in both cases they receive the $15,000 bonus.
• A worker with 15 yearswhich will be able to regularize 15 years through the moratorium, will have an initial credit of $71,837 (35.9% of the updated average salary). The value of the monthly fee (which is updated quarterly for mobility), assuming a payment plan of 120, would be $63,242.
• An employee with a twenty-year employment relationship can regularize 10 years through the moratorium. The starting salary calculation is $86,837 (43.4% of updated median salary). The monthly payment value, assuming a 45 installment plan, would be $15,280, and with a 60 installment plan, $11,459. Therefore, having $86,837 (would receive a $5,000 boost), minus the 45 plan fee would amount to $71,557 plus the boost, and if the rate in a 60-month plan is discounted, the credit would remain at $75,378 plus the reinforcement.
• A worker with 25 years of an employment relationship, which only needs to be regularized for 5 years, would have a starting salary of $101,837 (50.9% updated average salary). If you pay in 30 installments ($11,459 each) you will have a credit of $90,378. If you pay in 60 installments, each installment will be $5,730 and you will be charged $96,107
Source: Clarin
