Those who will retire in April They will charge 16% less than if they had retired in March.
This is the initial assets of a new pensioner It is calculated based on the updated average salary of the last 10 years. For this update, the “remuneration update coefficients” are used, which they didn’t adapt for those who have declared their cessation of work starting from March 31st, despite the fact that in April those who are already retired will receive an increase which It can reach 18% (with bonus) and 27.4% (without bonus).
So, those who retired in March, for example, with an income above the minimum (without bonus), have an increase of 27.4% in April. For those who are retiring in April, The initial credit is calculated with the same coefficients as in March and does not correspond to the 27.4% increase.
This was explained by the social security specialist, Guillermo Jauregui. And he gave the following example: those who stopped working and retired on March 15 with an initial salary in March of 237,002 dollars, with the increase will earn 301,822 dollars in April; while with the same compensation, but with termination in April, The initial credit will be $253,854, 16% less than it would have been if it had ended in March.
“There is a fundamental principle in Argentine forecasts that has been defined as “the indifference of cessation”. This could be formulated as follows: if two people have an identical pension history and the last 120 earnings are the same and stop at different dates, The assets of both after the termination of the last person must coincide“Jauregui said.
With law 27.426 (December 2017) the mobility regime and the updating of salaries for the last 120 months were modified: mobility was determined on the basis of a formula, while salaries were updated with another criterion (RIPTE, Remuneration of formal workers). This caused this on some dates those who left before or after the raise had different salariesBut This difference was never a significant percentage.
The update coefficients were applied in the months of March, June, September and December, the date on which the quarterly increases come into force. But with DNU 274/2024 an extraordinary increase was introduced in April this year.
Therefore The Government should have updated the salary update coefficients for those who stopped working starting from 31 March. Otherwise, given the same updated average salary, there is this 16% difference between retiring in March and retiring in April.
Source: Clarin
