The National Administration of Social Security (Anses) and the Federal Administration of Public Revenues (AFIP) set the conditions that must be met by those who aspire to enter the Pension Debt Payment Plan.
The joint general resolution 3545/2023, published this Monday in the Official Gazette, highlights among the main requirements that of have an average monthly gross income in the last twelve months that does not exceed the current limit to access family allowances, which is currently $404,062.
Likewise, the average monthly spending and consumption of the last twelve months prior to the evaluation date may not exceed 80% of that limit, equivalent to $323,249.60 based on current parameters.
On the other hand, the patrimonial manifestation in the affidavits of the Tax on Personal Assets It may not exceed 2.4 times annualized the amount provided for accessing family allowances, that is, $11,636,985.60. Neither may he have an automobile whose value exceeds the annualized amount of that income, which is currently equivalent to $4,848,744.
In this regard, “agricultural machinery” is excepted, which does not register the possession of assets reported by the National Civil Aviation Administration, nor the possession of vessels of more than 9 meters in length reported by the Argentine Naval Prefecture, “according to subparagraph “b” of article 2 of the joint general resolution.
In the recitals of the measure, it was stated that the socioeconomic and patrimonial evaluation guidelines were established taking into account “the tax effort” which represents the implementation of the recently sanctioned Pension Debt Payment Plan.
All in all, Law 27,705 on the Pension Moratorium was sanctioned on February 28 and regulated on March 30 through Decree 173, which establishes a payment plan for people who are old enough to access retirement, but do not have 30 years of contributions.
In the regulations, it was determined that in order to be able to enter the plan, parameters of declared income and assets must be met, and thatThey will not be able to access the purchase of “savings dollars” or stock dollars.
It is estimated that some 800,000 people who have the age but not the 30 years of contributions will be able to access a retirement. The periods to be included in the plan will include periods that are prior to December 2008 inclusive.
Among the requirements to access the pension payment plan it will be necessary to meet the retirement age (60 years for women and 65 for men) or that it is reached within a period of two years from the entry into force of the standard.
The value of the Payment Unit, that is, of each month of contribution that you want to settle, It will be equivalent to 29% of the minimum tax base of the remuneration, which may be paid in a maximum of 120 monthly installments. The current minimum base is $19,758.21, so the minimum installments will be around $5,729.88 per month. In turn, the installments may not exceed 30% of the minimum retirement (currently $58,665), so they will not exceed $17,599.
The Contribution Cancellation Unit is aimed at active workers who do not have 30 years of contributions, but who have not yet reached the retirement age, being a requirement to be over 50 years of age for women and 55 for men.
