The Government will advance the installments of the increase in the Minimum, Vital and Mobile Salary

The national government ordered this Tuesday to advance the validity of the increase in the Minimum, Vital and Mobile Salary (SMVM), which it will become $45,540 as of June 1.

According to reports, the Labor Minister Claudius Moroni signed the resolution that advances the scheduled increases.

In this way, as of June 1, the minimum wage will be $45,540 for monthly workers and $227.70 the value of the hour for daily workers. As of August 1, it will be $47,850 for monthly workers and $239.30 the value of the hour for daily workers.

As part of the update of the SMVM, there will also be improvements in the beneficiaries of the programs: Empower Work, Accompany and Unemployment Insurance.

The measure had been advanced this Monday by the Minister of Economy, Martín Guzmán, after the deputy Máximo Kirchner presented a bill to advance to the second half of this year the payment of the last installment of the increase provided for the SMVMwhich was scheduled for next January.

On the other hand, this Tuesday the head of ANSES, Fernanda Raverta, announced that as of June there will be a 15% increase in retirement, pension and allowance assets. The announcement was made within the framework of a meeting with adults and older adults at the headquarters of the pension agency.

“I wanted to tell you that, based on the mobility formula that updates salaries every three months, retired men and women are going to have an increase of 15%, this being the largest increase since the mobility formula is in force,” he said. Raverta In this sense, he added: “With this increase, the year-on-year increase in June will be 63%.”

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