Luz y Fuerza pensioners: the increase from March to May will only be 17.99%

To have a special regime, the March-May quarterly increase for almost 35,000 retirees and retirees from Luz y Fuerza It will only be 17.99% against the inflation of this first quarter which could be around 65/70%. This is much lower than the 27.18% that pensioners in the general system will receive.

This low percentage is explained by greater delay that they have in the calculation of the pension increase.

For example, the increase in wages takes into account the change in wages in the sector over the course of the year. first half of 2023 and the percentage is divided in two: therefore one part was granted in December 2023 and the other, now, in March 2024.

In 6 years this sector of pensioners accumulates a 60% loss in purchasing power

These percentages derive from the special sector law, which provides for the collection of an additional amount “equivalent to the value resulting from the difference between 70% of the average monthly wages accrued in the last 12 months immediately preceding the date of termination and having been calculated in accordance with the provisions of law no. 24,241. (General regime).

The active workers of this union contribute 13%: a further 2% at 11% of the general pension discount.

In place of the semi-annual adjustments, with Resolution 1565/2022 of the Ministry of Labor, these pensioners and pensioners have a quarterly mobility based on the changes in compensation resulting from the sworn declarations of the electricity companies.

The sequence of increases was as follows:

• In 2018 each installment was 13.54%, for a total of 28.91% compared to an annual inflation of 47.6%. A loss of 12.7%.

• In 2019 Those 2 installments were 13.4%, which cumulatively amounted to 28.6%, well below 2019 inflation of 53.8%. A loss of 16.4%.

• In 2020 Those 2 accumulated half-yearly installments of 18.76% amounted to 41% against inflation of 36.1%. A recovery of 3.6%.

• In 2021 The 2 installments were 15.43%, for a total of 33.2% against an inflation of 50.9%. A drop of 11.7%.

• In 2022the cumulative figure is 67.4% against an inflation of 94.8%.

• In 2023, the cumulative increase was 134.64% against an inflation of 211.4%. A drop of 24.6%.

The 6-year balance (2018/2023) is clearly unfavorable for this segment of retirees and pensioners, aggravated by the losses that occurred between half-year and half-year and quarter-and-quarter due to the monthly speed of inflation. And they reflect the salary losses of active personnel.