The government has made it official bonuses of $15,000 in June, $17,000 in July and $20,000 in August for retirees and retirees They charge the minimum wage and $5,000 in each of those months for those receiving one to 2 minimum wages, according to decree 282/2023 published today in the Official Gazette.
AS in June, the minimum pension will increase by 20.92% and will go from $58,665 gross to $70,938.24. In addition to the $15,000 bonus, they will receive a total of $85,938.24. And between $70,938 and $141,876 (2 minimum assets) the bonus will be $5,000.
The decree makes it clear for those who earn between the minimum amount of $70,938 and $80,938, the bonus is degressiveso that all of this segment keeps total income at $85,938. The goal is that this segment does not charge less than those receiving the minimum.
Therefore, for those who raise $75,000 in June, the bonus will drop to $10,938. And $5,000 for those who raise $80,938, in all of these cases for a total of $85,938.
Between $70,938 and $141,876 (2 minimum assets) the bonus will be $5,000, for a total in the latter case of $146,876. And then the same mechanism applies which drops to zero for those who earn more than $146,876.
For example, those with $120,000 credit, the bonus will be $5,000, and with $143,000, the bonus will be $3,876, for a total of $146,876.
These totals also include those who are both pension and pension recipients at the same time.
The $15,000 reinforcement will also be received from noncontributory pensions (charging 70% of the minimum wage) and PUAM (charging 80% of the minimum wage): a total of 6.1 million people.
This same pattern repeats only for minimum wage workers in July with a $17,000 bonus and in August with a $20,000 bonus. On the other hand, up to 2 minimum tasks are held over the 3 months at $5,000.
“The strengthening of the retirement income that is granted by this decree It will not be subject to any discount or chargeable for any other concept”, says article 14 of the decree. This means that they do not have the PAMI discount, but are also not considered for the half bonus payment. And as in the previous cases, these bonuses are a reinforcement that is not included in the credit.
From being an “extraordinary” compensation for rising inflation, these bonds have become permanent and in increasing values for the minimum credit. And they cannot fail to repeat themselves because the increases for mobility would be canceled if those retirees lose the collection of bonuses.
After the loss of 19.5% of the pension assets between September 2017 and November 2019 during the previous Government, the pension bonus for the low paid debuted 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 distributed in April and May 2021. A $5,000 bonus was awarded in August, and in December 2021, another up to $8,000 was awarded.
Due to skyrocketing inflation, in 2022, bonuses have become more frequent. In April ($6,000) and May ($12,000), September, October and November ($4,000/7,000), December, January and February 2023 (from $7,000/10,000). Between March and May ($5,000/$15,000) and now 15,000/17,000/20,000 for the minimum and $5,000 fixed for up to 2 minimum assets.
This happens because the mobility formula – which combines the salary 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 income pyramid of the system.
Also, by not being credit-embedded, the bonds compensate a sector of retirees for a portion of the price increase in the month or months in which they are raised, but in the following month or months, the retiree’s total income returns to its pre-credit level. bonus and requires the award of new bonuses that become more frequent.
Bonuses, on the other hand, are not taken into consideration for future capital increases. In this way, the pension loss continues “for life”.
Meanwhile, those who do not collect the bonus – about 2 million pensioners and retirees – have no compensation and absorb, with a decline in real terms of their assets, the total loss due to inflation.
NS
Source: Clarin
