Retirements: Despite inflation, the $70,000 bonus remains unchanged in April

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Despite this month’s inflation and that expected for next month, pensioners and retirees on minimum wages They will collect the bonus up to $70,000 again in Aprilaccording to decree 268/2024 published today in the Official Journal.

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In this way, and while the change in the pension formula is late, in April pensioners and pensioners will earn the same as in March. Have a minimum of $134,445this bonus is added, then you will receive a total of $204,445.

In relation to the $160,713 (there is a minimum of $105,713 plus the $55,000 bonus, from December), The $204,445 represents a 27.2% increase compared to an inflation estimated at 57% in March (36.6% January-February +, 15% March) or 72% if a price increase of 10% in April is added.

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For their part, pensioners and pensioners with a salary of less than 204,445 dollars, but above the minimum amount they will receive a proportional bonus until this amount is reached. So, for example, a pensioner with an asset of $174,445 will receive a bonus of $30,000, thus reaching $204,445.

Those who do not receive bonuses will also receive the same in April as in March.

Non-contributory pensions remain at $94,112 plus $70,000 bonus: $164,112. And the PUAM (Universal Pension for the Elderly) will continue at 107,557 dollars plus 70,000 dollars: total 177,556 dollars.

Article 7 of the decree states that “the pension economic contribution granted by this decree will not be subject to any discount nor calculable for any other concept”. This means that it is not included in the credit, it is not calculated for the collection of the bonus and future mobility increases and there is no discount for PAMI.

A year ago, in April 2023, minimum wage retirees received $58,665 plus a bonus $15,000: total $73,665. Now, in April, they will receive $204,445, an increase of 177% in the face of inflation that could hover around 300%.

Over the past year, due to soaring inflation, pensions and pensions have suffered a sharp deterioration. With the inflationary leap in December, during 2023, pensioners and pensioners had a loss of between 14.2% – in the case of those who received the bonus for minimum salaries – and 32.3% for average salaries and taller.

In 2023, mobility was 110.9% and inflation was 211.4%. A loss of 32.3% which adds to the losses of previous years.

SN

Source: Clarin

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