The Ministry of Economy has clarified that there will be a new decree relating to the minimum pension, modifying last Thursday’s decree relating to the $70,000 bonus
According to Economía, the $70,000 bonus will remain unchanged, barring the new decree will change the $204,445 cap for minimum wage retirees. AS, The minimum asset will rise from $134,445 to $171,216an increase in 27.35%. As the $70,000 bond payment is maintained, Total income will be $241,216, compared to $204,445 in March. Since the bonus is not increased, the actual pocket increase eventually will be 18%as anticipated Clarion in Sunday’s edition.
Meanwhile, if the 27.35% increase were also applied to the bonus, the new limit would be $89,145, bringing the total income to $260,921, i.e. $171,216 plus $89,145.
The confusion on this point is due to the fact that the Economy has just clarified this Monday at 4pm that the ceiling of 204,335 dollars, established in decree 268/2024, will be modified by a simple decree.
According to lawyer Ariel Samana, in April the minimum salaries will be as follows.
With the new cap of $241,216, the new minimum asset values would be as follows:
• Minimum retirement: $171,216 + $70,000, added to $241,216, 18% higher than March’s $204,445.
• PUAM: minimum amount of $136,972 + $70,000: $206,972
• Non-contributory pensions: $119,851 + $70,000: $189,851.
Instead of integrating the bonus into current assets, the government would try to liquefy the weight of the minimum assets in the total income of pensioners and pensions who receive this bonus. And, on the other hand, that it would reduce the flattening of the pension pyramid this happened due to the appearance of bonuses and differential increases between the minimum assets and the rest.
The new decree should specify what will happen to the bonus in the coming months, whether it will remain fixed at 70 thousand dollars or whether it will receive future increases.
According to the Economy, in preview, in April the assets will receive the February inflation (13.2%) plus 12.5%, and in May they will receive the March inflation”. In June they will receive the April CPI and if the cumulative increase is lower than the one resulting from the current formula, the difference will be compensated. If it is higher it is not discounted and there is no compensation”
Then in July you will pay the change in the CPI for May and in August the inflation index for June and so on. There will be no increases if real wages improve or if the economy grows. As a result, going forward, there is no expected recovery of assets in relation to the loss of the last 7 years.
Source: Clarin
