The increase of Minimum, vital and mobile salary (SMVM) from 156,000 to 180,000 dollars from February 1, as announced by Minister Luis Caputo, hits Other income of the population, which updates automatically whenever that variable in the economy moves.
Among these is the value of the plans Improve your work and that of the heritage of a group of retirees and retirees. Previously, the minimum wage level of income tax was also changed, but this will not happen on this occasion. In March, the SMVM reportedly hit $202,000.
Improve your work
The help received from million beneficiaries of Empower Work equivalent in the middle of the SMVM, according to Resolution 121/2020 of the Ministry of Social Development.
Therefore, these plans would go from $78,000 in December to $90,000 in February and $101,000 in March. They would have the same 20% loss to inflation as those who collect the SMVM.
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Presidential spokesman Manuel Adorni confirmed the sum of the living and mobile minimum wage.
Retirements
More than 1.3 million pensioners and pensioners with which he retired 30 or more years of effective contributions, Without resorting to moratoriums, they will receive an improvement in February.
This is because, since 2018, this group of pensioners has failed to collect less than 82% of the SMVM. 82% of February SMVM is equivalent to $147,600 and the minimum asset is 105,713. Therefore, they must receive the difference between what they have already received ($22,207) and what they should receive (a total of $41,887).
In March, increasing the SMVM to $202,000, those retirees They would also charge a premium because the minimum asset would be around $137,000 and 82% of $202,000 would amount to $165,400
February’s amount is added to the $55,000 bonus received in December, January and February. And also to the value of the bonus set for March.
This addition because item no. 5 of law 27.426, approved in December 2017, specifies that pensioners and retirees “with 30 or more years of service with effective contributions” will receive “a monetary supplement until they reach a pension asset equivalent to eighty-two percent (82 %) of the value of the living and moving minimum wage.”
Pensioners and pensioners receiving the minimum wage and retired workers using the moratorium do not receive that extra.
Pensioners and pensioners with medium and high salaries do not receive this supplement nor the bonuses that have been granted in recent years.
Income tax
The law sets the minimum earnings wage at 15 SMVM at the values in force on January 1st and July 1st. Since the government “skipped” the January SMVM increase, on this occasion the The profit minimum wage remains at the same value as December, $2,340,000 (15 x $156,000). It should only be changed in July, so in real terms it would have a large reduction due to 6-month inflation.
Source: Clarin
