The 15% increase for retirees has been made official: how to measure

Retirements, pensions and universal allowances tied to the pension mobility formula will increase 15% from June 1as confirmed this Thursday by Resolution 128/2022, published in the Official Gazette with the signature of the head of ANSeS, Fernanda Raverta.

This way, the minimum credit of $ 32,630 will increase to approx $ 37,525. PUAM from $ 26,104 to $ 30,020. Non-contributory pension from $ 22,841 to $ 26,267. And the maximum credit from $ 219,572 to $ 252,508.

As reported Clarion, this increase includes 18 million people as it also includes Family Allowances, Universal Child Allowance (AUH), non-contributory pension and PUAM (universal pension for the elderly). And it must be applied from June 1 to August 31.

The increase is applied to retirement amounts for March-May, not including the $ 6,000 bonus for April or the $ 12,000 bonus for May because they are not included in the current credit.

In March, the increase was 12.28%, which, added in June, would allow the close of the first semester with an accumulated improvement of approximately 29.1%.

The increase comes from the mobility formula that combines half of the quarterly wage variation, according to RIPTE (Taxable Remuneration of Stable Workers prepared by Social Security) and the INDEC Salary Index, the highest of both.

Half of the formula consists of a quarterly year-on-year change in tax collection to each beneficiary that goes to Social Security.

Between September 2017 and December 2019, the mobility of retirement benefits and pensions and other social benefits had a breakdown of 18.5% in relation to inflation.

In 2020, with varying increases by decree, retirement benefits and pensions will rise between 35.3% and 24.3% compared to inflation of 36.1%.

Those with the lowest salaries received bonuses as compensation for inter-quarterly losses, while retirees with moderate and higher salaries did not have any bonuses, absorbing a full loss of up to 8.7%.

In 2021, with inflation of 50.9%, the end-to-end increase will be 52.7%, as well as bonuses for lower-wage earners due to inter-quarterly losses.

GRB