The Government must publish in the Official Journal in the next few hours a new decree that modifies last Thursday’s decree 268/2024 in relation to the bonus of 70,000 dollars for the minimum wage.
The new decree is necessary because, so that $70,000 bail is maintained, You need to change the limit to $204,445 for pensioners with minimum salary established by decree 268/2024.
AS, With the 27.35% increase, the minimum asset will rise in April from $134,445 to $171,216. And with the $70,000 bonus, Total income will be $241,216, up from the “capped” $204,445 in March. Since the bonus does not increase, the real increase in the pocket will ultimately be 18% ($204,445 to $241,216) as expected Clarion in Sunday’s edition.
On the other hand, the complexity of Monday’s DNU 274/2024 on pensions and pensions has an explanation: the so-called junction between the formula that ceases to exist and the new one. Both when he was executed by Mauricio Macri in 2018 and by Alberto Fernández in 2020 have been challenged in courtchallenged by ANSeS, e They are still waiting for the Supreme Court ruling.
Here because The DNU postpones the connection to June. The fact is that if it were done in April, next month’s increase would not be 27.35% (12.5% plus 13.2% for February CPI) but 36.6% (January CPI + February) which takes into account the increase in March already allowed to take into account the variables from October to December. Or it should be 41.5% (25% + 13.2%) if you take into account December’s smaller increase in relation to that month’s inflation plus February’s inflation.
To avoid giving 36.6% or 41.5% in April, The DNU postpones the connection to June since it says that “for the purposes of the transition, for the determination of the mobility corresponding to the month of June 2024, the formula in force on the date of release of this document will be applicable” (that of Alberto Fernández). And until then there will be increases on account which would be granted in April (12.5% + 13.2%) and determined in May (according to the March CPI) and in June, according to the April CPI, but That month, the higher value between what has been granted since April and the result of Alberto Fernández’s formula will apply.
Only in July will the new formula be applied based on May inflation and so on in the following months according to the evolution of inflation 2 months ago. And there is no further increase if wages or the economy grows.
This way, When combining the two formulas there will be no harm to the pensioner in the second quarter – which could lead to legal claims– in relation to the fact that the splicing was carried out in April.
All this complexity does not negate the fact the asset loss occurs at the beginning, in April and not in June, because next month’s increase only recognizes 12.5% for January and not 20.6% inflation, much less 25% for January inflation plus the December loss. Therefore, since The opposition questions whether the April increase requires only 12.5% for January and not 20.6% or 25%.
The evolution of the minimum assets will depend on If the current $70,000 bonus, as happened in April when it remains unchanged from March, will have additional settings or not. In April, pensioners who collect the bonus have an increase of 18% compared to 27.35% for the rest. In this way, if it is not updated for inflation, the bonus becomes liquid because it loses weight in the pensioner’s overall income.
Source: Clarin
