Retirees: how the new moratorium promoted by Kirchnerism

Since the end, on July 23, of the current moratorium for women, and the difficult access to the moratorium for menon Friday senators from the Front for Victory presented a bill for “paying off social security debt” to both men and women can complete 30 years of contributions and access retirement.

In months and years “bought” to complete 30 years, retirement is accessible, but they do not change the calculation of the retirement salary, which will depend on the years actually contributed, with a guarantee of the minimum wage.

So, for example, a person of retirement age, with 5 years of contributions must “buy” 25 years. He will retire with a minimum and they will deduct the debt for 25 years of credit. But if you have 25 years of effective contribution and just reach retirement age with a good salary, you will retire more than the minimum amount, proportional to the 25 years contributed and the 5 years “purchased” will serve to complete 30 years of service and will not change the credit resulting from those 25 years. The resulting debt will also be deducted from the retirement credit.

So, the bill allows you to “buy” months without contributions. Each month has a value of $ 3,187, which is adjusted quarterly due to mobility. This is higher value than coming from current moratoriums. Each year “purchased” equals $ 38,244 in current values.

Clarion He expects by mid-February that the Government will study the initiative.

The project considers two variants:

1. Includes people who have reached retirement age (60 years for women, 65 for men), who have no or will not have 30 years of contributions to begin the retirement process and are in a vulnerability status socioeconomic and heritage.

In this case, they are allowed to regularize the missing periods until the month of December of the year 2008 (including) by using a modality of payment in installments what they will be with a discount directly of the retirement credit they obtained. The number of installments can be up to 120, according to the conditions established by the regulations.

The project clarified that this Payment Unit “only adopts the minimum service”. The months to be regularized will be calculated according to a “Previsional Debt Payment Unit” component whose amount is equal to 29% of the minimum tax base of the current salary on the date of the request for a social security benefit, regardless of the period when it was applied.

Thus, the Social Security Debt Payment Unit will remain in touch with what the minimum wage of formal social security workers contributes. Currently, 29% equals $ 3,187.

This amount is updated quarterly according to increases caused by social security mobility, according to the conditions established by the regulations. This Social Security Payment Unit will govern for 2 years from its entry into force, and may extend at the same time.

two. The second variant is intended for women over 50 and under 60 years of age and men over 55 and under 65 years of age that they did not complete their contributions in the expected time.

This mechanism can be used by income verifiers that allow justification for the repayment of the debt arising from the “Contribution Cancellation Unit” for periods prior to March 31, 2012. The cost of the Cancellation Unit is also 29% of the minimum tax base, currently $ 3,187, which is adjusted for mobility.

This second phase is also voluntary and “will allow people of pre-retirement age to anticipate and fix the difficulties they will experience in the short term due to their lack of pension contributions. Without this measure, the vast majority of adults today will have the only possibility, when they reach retirement age, to access a PUAM (Universal Benefit for the Elderly) at age 65, which is a benefits that pay about 80% of the minimum wage, do not constitute the right to a pension, and in the case of women it implies a waiting period of up to 5 years in relation to 60 years of retirement age ”, specified project.

“This component for people of pre-retirement age creates opportunities for people to have an active role to positively twist a destiny that, otherwise, leaves them at risk of passing. in situations of greater vulnerability to aging, ”the project said. .

Practical examples:

For example, according to lawyer Andrea Falcone, a 60 -year -old woman, no children, no contributions, 30 years should be regularized: estimated payment of $ 9,600 to be deducted from the credit over 120 months.

60 year old woman with 10 years contribution and 2 children, you need to regularize 18 years. Estimated fee $ 5,736 65-year-old man, with 20 years of contributions, should regularize 10 years, estimated fee $ 3,187 In conjunction with the current moratorium, this project makes it 10 times more expensive.