Interior Minister Guillermo Francos admitted that the government could agree to incorporate the inflation adjustment into a new mobility formula starting in April. recognizing the 10% arrears as compensation for the quarter
In radio statements, the minister He did not clarify whether that 10% includes bonusesS. And if from April the mobility also extends to the bonuses that pensioners with lower salaries receive or if they are incorporated into the salaries, so that it covers the bonus and the entire income is considered for mobility.
In this way, the junction between the formula of the previous Government, which would be in force until the end of March, and the one that would govern from 1 April would contemplate, in the official version, just under the inflation of January 2024, which was 20.6%, according to the ‘INDEC. And going forward there would be no recovery for the loss of the last few years. Nor will there be a recovery if real wages or the economy improve.
They propose opposition projects grant April the full January inflation and mobility from April according to the CPI measurement of 2 months earlier. That is, in April, February inflation. But they don’t even clarify what treatment the bonds would have and there would be no recovery for what has been lost in recent years.
With the 27.18% raise and up to $70,000 bonus, minimum wage retirements and pensions gross a total of $204,445. The total comes to $134,445 plus $70,000.
Then in April the 10% and the February CPI would be applied, but Minister Franco did not clarify whether these increases will be applied to the 134,445 dollars or the 204,445 gross dollars.
Retirees and retirees with salaries above $204,445 will receive the 27.18% raise by the end of the month and will receive no bonus.
According to the Paz Zurita study, “mobility through the IPC does not recover what has been lost, that is, it is lost forever”. unless the pensioner brings legal action. And until salaries are updated by the CPI, the flattening of pensions will continue and new pensioners will continue to lose purchasing power compared to their initial salary”.
This loss of starting salary is due to the fact that upon retirement the starting salary is determined based on the average salary of the last 120 updated months. And this update is applied based on a coefficient that is calculated based on the salary evolution of registered workers (RIPTE – which are decreasing – with a lag compared to inflation.
For its part, a report released today by Idesa, of which one of the founding members is Osvaldo Giordano, deposed director of ANSeS, underlines that compared to the historical average of the last 30 years “according to official information, and assuming an inflation of 15% and 10% for February and March respectively, it is observed that in March 2024:
• The minimum asset is $134,445, 41% lower than the historical average 1995-2024.
• The minimum asset plus bonus is $204,445, 14% lower than the historical average.
• The average income of retirees who did not use the moratoriums is $299,407, or 29% less than the historical average.
Source: Clarin
