Exclusive: March retirement increase will be 8.07%

Retirees will get an increase of more than 8% in March, according to what the brand new mobility law says. This increase will be almost a point higher than what the elderly would have received had Cambiemos’ standard been maintained.

The new formula will allow pensions to increase by 8.07% in March, could confirm Discovery from ANSES sources. This increase will be the largest granted since the start of Alberto Fernández’s mandate.

The figure is no guarantee that the hike will beat inflation, especially when prices rose 4% in January and February is estimated to close around 3.3%. If this scenario occurs, the government is evaluating the application of certain, which can take the form of a bonus, to prevent retirees from losing purchasing power. However, from the Ministry of the Economy, they estimate that retirements this year will exceed inflation, since fundraising has experienced sustained growth, as has employment, the sources of mobility.

These 8.07%, however, It is 0.89 percentage point more than they would have received if the macroeconomic formula had been maintained. In this case, they would have seen an increase of only 7.18%.

Strictly speaking, the law passed by Congress on December 30 mimics the equation created by Kirchnerism, which accounts for 50% of the collection of ANSES and 50% of the improvement in salaries. Its difference is that the current one applies quarterly increases instead of semi-annually, which favors retirees.

In 2017, Mauricio Macri imposed a new one, described as “reduction of retirement”. It consisted of a formula increasing wages by 70% because of past inflation and by 30% because of changes in formal wages.

Pensions, better than equal

The pandemic hit the entire economy and drastically reduced state revenue. Even like that, in 2020, retirements have accumulated an increase of 35.5%. They have been consolidated in this way as the second largest increase compared to the various sector parities. Sugar workers got 38%, the only ones above.

In a context of international health, economic and political crisis, the world economy will contract by 4.4% and that of Latin America by 8.1%, according to IMF projections. In the face of the onset of the crisis, workers in the private sector suffered a deterioration in their incomes in all countries and, in those with less established labor rights, the loss of their jobs due to the easing of labor laws. their working conditions.

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