Retirements: September increase will be at least 15.3%

Some variables that make up the formula for mobility. With what are known – formal wages and tax collection – the quarterly increase in retirement benefits, pensions and other social benefits, such as the AUH, which is expected to take effect from September, has a floor of 15.3%.

The data comes from the social security lawyer Guillermo Jáuregui, based on the already disclosed variables of the social security formula.

The variables that are not yet known are the INDEC salary indexwhich will air next Wednesday 10, and the evolution of the list of beneficiaries of the pension system. Once they have spread, it is estimated that the increase could go up one more point.

This increase includes 17 million people because it also includes Family Allowances, Universal Child Allowance (AUH), Non-contributory Pensions and PUAM (Universal Senior Pension). Y It must be applied from September 1st to November 30th.

This increase does not include retirees and retirees from special regimes, such as teachers, university professors, Luz y Fuerza, Judicial Power, who have their own indices.

For its part, the mobility formula does not have a guarantee that the increase in pensions cannot be less than the increase in prices.

With 15.3%, the $ 37,525 minimum credit would rise to $ 43,266. The PUAM of $ 30,020 would increase to 34,613. Non-contributory pensions from $ 26,267 to $ 30,285. And the maximum credit from $ 252,507 to $ 291,140.

These figures are Provisional because they can vary if the INDEC salary index exceeds the RIPTE (official salaries).

This year, in the June, increased pensions and pensions fifteen% according to the mobility formula, which added to 12.28% in March, represented an increase of 29.12% in the first half of the year compared to an average Price Index of 36.2% and 39.9% in the food category .

For the lowest incomes, there was an “income increase” of $ 18,000 paid in April ($ 6,000) and May ($ 12,000). For those who did not receive any bonuses, point-to-point represented a loss of 5.2%, without considering the inter-quarter loss.

With inflation estimated at 7/8% for July and 5/6% for August, all retirees and retirees are facing and will have to cope with this increased inflation with the same monthly salary values ​​they received in June, unless a lien for compensation is announced in the next few days. This means that in August, in just 2 months, the loss of the purchasing power of pensions can be around 12-14%.

With the “floor” increase of 15.3% in September, the accumulated increase from September to November would be 48.9%, far below expected inflation.

To this worsening is added the strong loss suffered by pensioners and retirees since September 2017, with the pension reform of Mauricio Macri, then with the increases by decree of Alberto Fernandez in 2020 and since then with the inflationary spiral that will reach a new record in July .

The increase resulting from the mobility formula combines half of the quarterly change in salary, according to the RIPTE (Taxable Remuneration of Permanent Workers prepared by the Social Security) and the INDEC salary index, the eldest of both.

The other half of the formula consists of quarterly variation on an annual basis in the collection of taxes per beneficiary going to social security.

Between September 2017 and December 2019, the mobility of pension benefits and pensions and other social benefits worsened by 18.5% in relation to inflation.

In 2020, with the increases differentiated by decree, pension and pension benefits increased between 35.3% and 24.3% against an inflation of 36.1%. Those with the lowest salaries received bonuses to compensate for inter-quarter losses, while retirees with average and higher salaries did not receive any bonuses, absorbing the entire loss up to 8.7%.

In 2021, with inflation of 50.9%, end-to-end increases were 52.7%, with bonuses also for those earning lower wages for inter-quarter losses.

In Justice there are judicial rulings in favor of pensioners for the loss of pension caused by the change of mobility during the government of Mauricio Macri as well as by the decrees of Alberto Fernandez in 2020. The final decision of the Court of Cassation is still awaited