One million retirees will receive a bonus for the Minimum Wage increase in August

With the increase of minimum wage up to $ 47,850 in August, more than one million retirees and retirees receiving the minimum wage ($ 37,525) and retired with 30 or more years of effective contributions, without applying a moratorium, they will have an increase of $ 1,712 that month.

For the universe of retirees and retirees, the minimum retirement that’s more it will increase from $ 37,525 they will charge in June and July to $ 39,237 in August.

This increase will be applied in addition to possible measures, such as bondswhich can be approved as those received in April and now in May.

This increase of $ 1,712 is explained by the fact that Article No. 5 of Law 27,426, approved in December 2017, specifies that retirees and pensioners are “with 30 or more years of service contribution effectively “will receive” monetary supplements until reaching a social security equal to eighty -two percent (82%) of the amount of the Minimum Wage Vital and Mobile ”. 82% of 47,850 was $ 39,237.

Then that difference will stop paying in September because, due to social security mobility, that month responds to all retirees and retirees the increase in assets. And the minimum retirement will have an increase and that difference or plus will disappear, unless the Minimum Wage rises again and the 82% of SMVM exceeds the new amount of the minimum wage.

Since this temporary bonus was approved, it was paid in the months of January-May and from July to November 2018; in August and in October-November 2019 and in October and November 2021.

Increasing the minimum wage It also affects programs “Promote Work” (just over one million people) earning half the minimum wage and “Organization” (35,000 people), especially women and people from the LBGTI+ group in situations of sexual violence, accepting of the minimum wage for 6 consecutive months.

It also affects monthly or daily registered workers who are paid less than the monthly or hourly minimum wage. And not directly as a reference to unregistered or informal workers.

NE