Exclusive: March pension increase of 8.07%

Retirees will receive a raise of more than 8% in March, as the brand new Mobility Law indicates. This increase will be approximately 1 point higher than what the elderly would have had if the Cambiemos standard were kept.

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The new formula will allow pensions to increase by 8.07% in MarchCan confirm Detection Sources from ANSES. This increase will be the highest granted since the beginning of Alberto Fernandez’s tenure.

This number does not guarantee that the rally will beat inflation, especially when prices rose 4% in January and is expected to close February at around 3.3%. If this scenario occurs, The government is evaluating the implementation of some of the additives, Which could take the form of a bonus, to prevent retirees from losing purchasing power. however, From the Ministry of Economy, they estimate that retirement this year will beat inflationThe group has achieved sustainable growth, and job opportunities are the sources that mobility feeds on.

This is 8.07%, however, It is 0.89 points higher than they would have obtained if the macroeconomic formula had been kept. In this case, they would have seen an increase of only 7.18%.

Strictly speaking, the law passed by Congress on December 30th mimics the equation created by Kirchnerism, which weighs 50% of ANSES ‘achievement and another 50% of salary improvement. The difference is that the current version applies quarterly instead of semi-annual increments, which works in favor of retirees.

In 2017, Mauricio Macri imposed a new one, which it described as a “retirement reduction”. It consisted of a salary increase formula based on 70% due to previous inflation and 30% due to the evolution of official salaries.

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The epidemic has hit the entire economy and led to a sharp drop in state revenues. even so, The number of retirees in 2020 has reached an increase of 35.5%. It was standardized in this way as it is the second most important increase compared to the different sectoral parities. Sugar workers got 38%, the only ones above.

In the context of the international crisis in the health, economic and political fields, the global economy will contract by 4.4%, and the Latin American economy will decline by 8.1%, according to the IMF projections. In the face of the outbreak of the crisis, private sector workers suffered a decline in their income in all countries, and in countries with less earned work rights, they lost their jobs due to relaxation in their working conditions.

Businesses around the world have also been hit hard. In some cases, employment protection policies in the form of direct transfers to firms had to be implemented in order to avoid shutdowns and job losses, such as the ATP implemented by the national government.

Freddie Dawson

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