Retirees: How much could they earn starting in March?

Retirees and pensioners of the National Social Security Administration (ANSES) already have an estimate of the amount they could receive in March if the mobility formula was applied, which was suspended by the Government while the increase is decided by decree.

Following the disclosure of the salary index by the National Institute of Statistics and Censuses (INDEC) for this quarter, the mobility formula was calculated at 29.8% according to the estimate of the Argentine Political Economy Center. However, the Government has not yet confirmed the adjustment it will implement.

The mobility formula is based on tax collection and the RIPTE (Average Taxable Remuneration of Stable Workers) / wage index. Therefore, retirees can anticipate an increase similar to the 29.79% projected by CEPA.

With this increase projected by the consulting firm, minimum pensions could rise to $137,204 for March. Some beneficiaries will experience larger increases, especially those whose benefits are linked to the Minimum, Living and Mobile Wage (SMVM), of which those who retired with at least 30 years of contributions receive 82%.

In addition, it is expected that additional bonuses will be granted, such as those delivered in January and February, which were $55,000 and served to compensate for the loss of purchasing power of pensions due to inflation. For March, an increase in these bonuses is expected to avoid a delay in retirees’ income.