On Thursday, the government officially announced the minimum and maximum asset guarantees that retirees will receive from March, factoring in a 27.18% increase. Some retirees will also receive a bonus of up to 70 thousand pesos.
The announcement was made via the publication of Resolution 39/2024 in the Official Gazette, signed by the newly appointed executive director of the National Social Security Administration (Anses), Mariano of the Heroes.
According to Article 1 of the regulation, the minimum asset will be $134,445.30. However, this sum could increase to $204,445 with the bonus. Retirees receiving less than this amount will receive a proportional extra sum until they reach it. Those receiving more than this amount will not be eligible for the benefit.
As per Article 2 of the Resolution, the maximum asset will be $904,689.54.
These figures indicate a 33% reduction in the purchasing power of minimum assets compared to March 2023. For those who did not and will not receive the bonus, the loss is 44% over 12 months.
This calculation does not include the fact that retirees and pensioners with minimum salaries have stopped receiving up to $18,800 monthly for VAT reimbursement for debit card purchases since January.
The minimum and maximum tax bases have been set at $45,281.15 and $1,471,616.10, respectively, from March 2024.
Article 4 stipulates that from March, the Universal Basic Benefit (PBU) will be $61.502,69, and the Universal Older Adult Pension (PUAM) will increase from $84,570 (plus a $55,000 bonus) to $107,557 (plus a $70,000 bonus), totalling $177,556.
The 27.18% increase in retirements from March had been previously confirmed by the national government, as documented in Resolution 38/2024, signed by the former Anses head, Osvaldo Giordano. However, this regulation did not mention the additional bonus, which Anses officially confirmed on Wednesday.
