25,000 people have already started the pension moratorium process: what are the requirements to retire without contributions

Less than 2 weeks after the start of the pension moratorium, About 25,000 people have started the process of retiring through PPDP (Pension Debt Payment Plan).

It is estimated that in less than 60 days they could collect the pension credit, once ANSeS verifies the possession of all the requisites, including the socio-patrimonial assessment.

If you do not meet these requirements they can even retire but by paying the entire debt of the moratorium in one paymentbefore collecting the pension credit.

It is estimated that most would charge the minimum ($58,665 plus any bonds) minus the debt payment which, on average, is about $12,500.

Of the people who initiated the process, according to ANSeS:

• About 70% are women and about 30% are men.

• The average age is 63 years (61 for women and 67 for men).

• The vast majority of people will cancel their Payment Plan within the maximum term, which is 120 installments.

• THE average salary monthly is approx $12,500.

• Half of those who started the process live in the Province of Buenos Aires.

• Córdoba follows, with 6.9%; Mendoza, 5.3%; City of Buenos Aires 4.8% and Santa Fe, 4.7%.

What are the requirements to enter the moratorium and retire without contributions

The requirements of the socio-patrimonial assessment carried out by ANSeS in order to be able to pay the moratorium in installments are:

• He spending and consumption monthly average corresponding to the last 12 months prior to the assessment date cannot exceed 80% of the current limit for family allowance entitlement: $323,249 (0.80 x 404,062) “For this purpose, the expenses incurred will be taken into account with credit and/or debit cards communicated by financial institutions”, reads the resolution.

• Statement of assets in deeds of notoriety Personal property tax that does not exceed 2.4 times the annualized amount of the limit for receiving child benefit, which is equivalent to $11,636,985 (404.062 x12 x 2.4) without considering one’s home (“family”).

• Automotive sector: You cannot have a vehicle whose value exceeds the limit to receive the annualized benefit — $404,062 x 12, or $4,848,744 — according to values ​​reported by the National Directorate of National Automotive Property Registries.

• Failure to register the possession of assets reported by the National Administration of Aviation Civil, nor the possession of vessels longer than 9 meters reported by the Argentine Naval Prefecture.