The Government announced a 15.6% increase for retirements and pensions

The Government announced a 15.6% increase for retirements and pensions in December after applying the fourth retirement mobility formula of the year. In turn, a bonus of $ 10,000 will be granted to retirees who receive a minimum income and one of $ 7,000 for those who receive up to two minimum assets. The amount will be paid in the months of December, January and February.

The announcement was made by the Minister of Economy, Sergio Massa, and the head of the pension agency, Fernanda Raverta, at a press conference given from the headquarters of the Anses.

Source: Screenshot.

“We want to accompany the retirees of Argentina and we want them to beat inflation. With this increase and reinforcement we have achieved that the minimum pensions increase by 107% and beat inflation, “he said Raverta.La December increase will be the fourth increase set in the year, based on the provisions of the Mobility Law: the increase applied in each quarter in retirements, pensions, family and universal allowances, it is done based on the calculation that updates the amounts based on a coefficient prepared in equal parts by the pension collection and the Average Taxable Remuneration of Stable Workers (Ripte).

Source: Screenshot.

For his part, the Minister of Economy said: “A society that does not respect its elders has no future. We lived a complicated year in Argentina and the world. Inflation became a very big problem especially for retirees and pensioners. The focus at the time of making this decision was set on building a bridge to try that while we work on macro variables to try to lower inflation we can follow a path of income recovery among our retirees. ” The investment, according to Sergio Massa, will be 155,000 million pesos additional to the social security account of the Treasury that the State will allocate to pay the reinforcement bonds that will be collected in December, January and February. From the Anses explained that “With this measure, and added to the mobility of December, the beneficiaries who receive the minimum income will have a monthly income of $ 60,124.” In turn, they emphasized that in that month “the bonus is charged so that each retiree of the minimum will receive $ 85,186 in the month” and that “the minimum retirement will increase during 2022 by 107%. This is a 6.0% increase in purchasing power for this period.”

Original source in Spanish