The banking union led by Frente de Todos representative Sergio Palazzo agreed to a 66 percent increase for the first half of the year. As, starting salary will reach $398,271 in July.
This is the new agreement that has been announced in the last few hours it adds 33.5 percent to the 32.5 that had already been agreed in advance for the first semester of the year.
Furthermore, Palazzo reported that the payment of a initial bonus for Banking Day, November 6, of nearly 343,000 pesos.
In a new hearing convened by the Ministry of Labor chaired by Raquel ‘Kelly’ Olmos and, as part of the timely wage review agreed between the parties, trade unionists and businessmen from the chambers and the BCRA agreed on an increase in income through July and a new revision of the income scales in August.
After arduous negotiations an agreement was reached. wage agreement retroactive to last January and until next July of 66%“, the general and press secretaries of the trade union organization, Sergio Palazzo and Claudio Bustelo, affirm in a document.
The top management explained that 6% will be added to the 24.1% collected in April, which will total an increase of 30.1% for that month and, to this index, 14% will be added (5.6% and a other 8.4% agreed in the previous agreement), which in May will represent 44.1%.
To this will be added 11.9%, for a total of 56% in June and, on that basis, another 10% will be added, which will represent the last 66% in July, they detailed.
Thus, based on December 2022 salary, salary increases will be 30.1% retroactive to last April; from 44.1% in May; 56% from June and the last 66% from next July 1, so that the starting salary added to profit sharing (ROE) will be 312,139.49 pesos in April, 345,728.68 in May, 374,279.49 in June and , in July, of 398,271.76 pesos , they stressed.
“Once again the Banking Association maintains the premise of guaranteeing the defense of the purchasing power of each bank employee in all parity”, concludes the press release with which the union provided the details of the agreement.
Massa’s decision which benefited the union K
Last April, the Minister of the Economy, Sergio Massa, through an opinion that opened the doors to other unions for the request for benefits, allowed the exception of the payment of the Irpef for a series of additional agreements to be paid by the banks, which in practice implied a direct increase in the pocket money of these workers.
The provision was a clear political nod to Palazzo, the head of La Bancaria and one of the trade unionists closest to the vice president Cristina Kirchner.
The new benefit for bankers was enshrined in a binding opinion of the Undersecretary of Public Revenue (SSIP), reporting to Massaafter a joint presentation by the banking union and the chambers of commerce of Abappra, ABA, ADEBA and the Central Bank.
The agency allowed the tax exemption in six additional agreements of up to 40% of the non-taxable profit for each and individually. The additional ones that have been exempt from the tax are the productivity bonus, the profit sharing bonus of the financial system (ROE), the supplement for lack of cash, payments for travel expenses, mobility expenses and meal vouchers or similar.
Source: Clarin
