With pensions and pensions rising for the June/August period – estimated to be around 21% – there will be a new bonus for those who receive lower salaries during those months. Otherwise, these pensioners and retirees would earn less than in previous months, the government has admitted.
The increase in mobility for June-August would be announced next Wednesday 10 when the INDEC will report the Salary Index for March, the missing variable to finish calculating the percentage of salary increases, which also reaches social benefits (such as Family Allowances, AUH)
For this reason, on the basis of the known variables, the increase would be of the order of 21%, according to the calculations of Rafael Rofman, director of CIPPEC.
The minimum retirement today is $58,665 (gross) plus a bonus of up to $15,000. In total, $73,665. With 21% mobility, the minimum retirement would go to $70,984.
Thus, without bonuses, the pensioner or the minimum wage retiree would charge less nominally than in previous monthswith a further sharp deterioration in relation to inflation.
Consequentially, a new bonus would be needed At least between $18,000 / 20,000 monthlygo total income to nearly $90,000.
Whether it is a “one-off” or “extraordinary” compensation, due to skyrocketing inflation those ties became permanent and in increasing values. AND I can’t stop repeating because the mobility increases would be canceled out by inflation if those retirees lose their bonus collection.
After the loss of 19.5% of social security assets between September 2017 and November 2019, the pension bonus for those with lower salaries made its debut under the current government “for the only time” in December 2019.
Thus, bonuses of $5,000 for minimum retirements were awarded in December 2019 and January 2020, and another $3,000 in April of that year.
Bonuses of $1,500 were awarded in April and May 2021. A $5,000 bonus was awarded in August, and a bonus of up to $8,000 was awarded in December 2021. In 2022 there have been different and more frequent bonuses. In April ($6,000) and May ($12,000), August (up to $5,000), September, October and November ($4,000/7,000), December, January and February 2023 (from $7,000/10,000). And, from March to May up to $15,000.
The Government, forced to give compensation to pensioners
The permanence of the links over time occurs because the mobility formula – which combines salaries with the collection of taxes that goes to the Social Security- it does not have a guarantee clause or an automatic indemnity against inflation. And the bonuses are received only by pensioners and pensioners with lower salaries, flattening the pyramid system income.
Also, how they are not supplemented by havingthe bonds compensate a sector of retirees for a portion of the price increase of the month or months in which they are collected, but in the following month or months the total income of the retiree return to the pre-bonus level and new bonuses are required to be awarded which become more frequent.
On the other hand, the bonuses are not taken into account for future increases of goods. In this way, the pension loss continues “for life”.
Meanwhile, those who do not collect the bonus – more than 2 million pensioners and retirees – they have no compensation and they absorb, with a reduction in real terms of their assets, the complete loss due to inflation.
Without the bonuses, the mobility formula in 2022 yielded 72.5% against annual inflation of 94.8%. A loss of 11.5%. In March, mobility was 17.04% against inflation of 21.7%
Source: Clarin
