In the coming weeks they will announce the increase for retirement: how much will it be

For years the increases in assets have been quarterly, so in the coming weeks, the Government should announce the increase in the retirements for the months of March, April and May, later, it will do the same in the months of June, September and December. These increases will affect the other provisions and benefits provided by the National Social Security Administration (ANSeS).

According to Law 27,609/21, increases in retirements they are calculated using the formula composed of 50% by salary evolution (data from RIPTE and INDEC) and 50% according to tax collection. For this reason, with a mobility of 18%, the minimum for retirees they will go from the current 50,124 pesos to 59,146 pesos per month.

The method: low increases plus bonus, hurts retirees.

During the course of 2022, increases in retirements they remained at 73.51% interannual, while the inflation registered in the same period was 94.8%. However, the Government highlights the dynamics of non-remunerative bonuses granted only once as a measure to reinforce the income of retirees such as pensioners and beneficiaries of plans such as the Universal Child Allowance (AUH) and the Universal Pregnancy Allowance (AUE).

The main criticisms by economists of the way the purchasing power of retirees is equated with inflation by the Government, is that with the current dynamics, by not increasing salaries with fixed amounts, percentages will be applied in the following increases on lower initial values.

Headquarters of the National Social Security Administration.

For example, 80% of the annual sum on a credit of 50,000 pesos remains at 90,000 pesos, if 18,000 pesos of bonus are added, it will be located at 108,000 pesos, but the following percentage will be applied to the new base of 90 thousand pesos, while a 116% increase in a base credit of 50 thousand pesos also corresponds to 108 thousand pesos, without bonuses, but the new base that will be taken for the next increase is higher. Despite culminating in the same credit, With the current method of low increase plus bonuses, retirees are harmed in the future.

Retirement Specialist on Bonds

Andrea Falcone, an expert on provisional issues, spoke about the bonds that the Government grants to retirees, an initially temporary measure that, if removed, would show that retirement assets grow little. “The bonus is here to stay. You can’t take it out because the next raise always eats the bonus. If you leave without a bonus, the retiree perceives that in that quarter he did not have any increase. If the bonus becomes permanent, it is a hidden increase and could be raised in court if it does not correspond to all retirees “Falcone began.

Minister of Economy, Sergio Massa, together with the head of the ANSeS, Fernanda Raverta.

To which he added: “Today the minimum retirement reaches $60,000 thanks to the bonus. With the March increase, applied to the minimum, it goes to $60,000 as well. That’s why, if the bonus is not renewed it is as if retirees did not receive increases. The vast majority of retirees never really know what they are getting; If they take the bonus, they will immediately perceive that they did not have any increase in this quarter ”, he concludes.

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