The Government will define today what will be the increase for retirees

In a ceremonial act that will take place this Thursday at the Casa Rosada, Alberto Fernández will announce the increase set for the retireeswhich will take effect from March.

According to official sources, the increase for pensioners it is estimated between 11% and 12%. In addition to announcing the increase in retireesthe president will also indicate what will be the rise for the Universal Child Allowance (AUH).

In 2021 the Government granted four extraordinary bonds.

In addition, they will also announce the rise in the Universal Assignment for Pregnancy (AUE). The announcement about the increase for retirees It will be done prior to the participation of Alberto Fernández in the Federal Councils.

It should be remembered that in this meeting, the president, together with the ministers of Education and Health, will define what the Safe Classroom protocol will be for the return to face-to-face classes throughout the country.

Alberto Fernandez, President of Argentina.

Meanwhile, The increase for retirees will begin to apply from March 1 and until May 31as established by law.

What is the formula to establish the increase in retirees

Through the legislation it was established that there will be a quarterly readjustment in the payment of retirements.

Payments are made through ANSES.

In this sense, the increase is defined with the following formula: “50% based on the resources allocated to the ANSES” and 50% according to the quarterly variation if the wages of the workers have been stable.

In addition, to establish the readjustment for March, the fourth quarter is taken as a reference, in this case, of the year that has just ended.

The increase benefits 7.1 million retirees.

It should be remembered that During 2021, the accumulated increase in pensions was set at 52.7%this after the last readjustment was drawn at 12.11%, which led it to be above inflation.

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