The retirements, pensions and universal allowances will increase by 15% as of June 1. In this way, the minimum amount will go to 37,524 pesos, while the AUH (Universal Child Allowance) will be 7,332 pesos, according to the ANSES National Social Security Administration).
From this new Government measure, the retirements and assignments will accumulate a rise of around 29.12% during the first semester of this year. The update of benefits is expected to reach more than 7.2 million retirees, pensioners and more than 9 million children and adolescents throughout the national territory.
“Based on the mobility formula that updates salaries every three months, retired women and men are going to have an increase of 15 percent, this being the largest increase since the mobility formula is in force,” said Fernanda Ravertahead of the ANSES, in a press release regarding the retirements.
“With this increase, the year-on-year increase in June will be 63 percent,” the official explained. Likewise, this increase will also apply to the AUE (Assignment for Pregnancy) and the Family Allowances for Prenatal, Birth, Adoption, Marriage and Spouse.
The detail of the initiative
Starting from the new provisions, The increase to be implemented will be 15%, that is, 5.2% more than what would have been granted if the previous formula had been applied., which established a rise of only 9.8%. This new formula, in the 18 months prior to its application, implemented increases of 17.7 percentage points above what would have been found with the previous formula.
It should be remembered that the minimum amount of the retirements in December 2019 it was 14,068 pesos. Therefore, when updated to 37,524 pesos, this will have a total increase of 167% if what was paid three years ago is taken into account.