Retirement: increases mobility by 15% and adds an increase in the minimum amount

On Wednesday, Sergio Massa and ANSeS head Fernanda Raverta will announce the asset mobility index of retirees, retirees and other social benefits, which would be around 15.3% and 16%. But there would be a novelty: the concession a is analyzed bonus and / or directly an additional permanent increase, at least for the minimum retirement, non-contributory pensions and PUAM (Pension for the Elderly) they receive 5 million beneficiaries.

Sergio Massa and the head of ANSeS, Fernanda Raverta, discussed it this afternoon.

The novelty would be important because bonuses, such as those that the government is granting from 2020 onwards, are granted for “Only time” and are not integrated in the presence of current. In this way, they compensate for the higher inflation only in those months, but not being integrated into the current credit, the assets of these retirees come back later the pre-bonus values ​​and subsequent pension increases are attributed to a lesser extent.

On the other hand, a further increase in the mobility index, which is integrated into the credit, becomes permanent. and future increases they are calculated on a broader basis.

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. With these values, pensions and pensions it would lose again due to inflation

Pensions and pensions in June increased by 15% 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 against an average price index of 36.2% and 39.9% in the food category.

For the lowest resources, there was an “increase in revenue” of $ 18,000 paid in April ($ 6,000) and May ($ 12,000). For those who have not received any bonuses, end to end represented a 5.2% loss, in addition to the quarter-over-quarter loss.

With inflation estimated at 7/8% for July and 6% for August, all retirees and retirees are facing and will have to cope with this increased inflation with the same monthly wage values ​​they received in June. This means that in August the loss of purchasing power of pensions can be around 12-14%.

With the 15.3 / 16% increase in September, the increase accumulated from September to November would be 49/50%, well below inflation expectations which, by November, could rise to 70/75%.

This deterioration is adds to the heavy loss that pensioners and pensioners have been living since September 2017, with the pension reform of Mauricio Macri, then with the increases by decree of Alberto Fernández in 2020 and since then with the inflationary spiral that reached a new record in July.

Excluding those stocks, the deterioration in pensions and pensions has not stopped at any point in the last nearly 5 years, since September 2017. Between that date and December 2019, wage increases were lower than inflation resulting in a loss of 19.5%.

The increase resulting from the mobility formula combines half of the quarterly change in wages, according to the RIPTE (Taxable Remuneration of Stable Workers prepared by the Social Security) and the INDEC Salary Index, the highest of both. The other half of the formula is the quarterly change from year to year in tax collection per beneficiary that goes to social security.

Between September 2017 and December 2019, the mobility of pension and pension benefits and other social benefits worsened by 19.5% 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 the retirees with average and higher salaries did not receive bonuses. absorbing all the 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 is court rulings in favor of pensioners for the loss of pension caused by the change of mobility during the Mauricio Macri government and for the increases of Alberto Fernández in 2020. The final decision of the Supreme Court is still awaited.