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Politics The Government made official the $70,000 bonus for retirees and pensioners for the month of May - Infobae

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The Government made official the $70,000 bonus for retirees and pensioners for the month of May - Infobae​

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April 22, 2024

The measure was reported in Decree 340/2024 published in the Official Gazette. It will be intended for those who charge an amount similar to or less than $190,141.60

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Retirees and pensioners will receive a bonus of $70,000 in May

Through Decree 340/2024 published this Sunday in the Official Gazette , the Government of the Nation made official social security financial aid for retirees and pensioners . It will be collected in the month of May and the maximum amount will be $70,000.

According to what was published in the decree, which bears the signature of the Minister of the Interior, Guillermo Francos , and the Minister of Human Capital, Sandra Pettovello , the country is “going through a situation of unprecedented severity” in such a way that “deep imbalances that negatively impact the entire population, especially socially and economically.”


Faced with this situation and the impact of “an accelerated rise in the price index”, it was considered that those most affected by the situation are older adults with lower incomes. Therefore, the bonus will be allocated to said social group.

In this way, aid from the Executive would continue, which dates back to the beginning of this year: “That through Decree Nos. 116/23 and 81/24, two pension financial aid have been granted for a maximum amount of $55,000 each, paid in the months of January and February 2024."


In addition, it is important to highlight that another financial aid was provided for $70,000 paid in the month of March and April, “thus addressing the contingencies that the beneficiaries of the Argentine integrated pension system (SIPA) who are in the lowest income range are going through. ", indicates the official bulletin.

Because the socioeconomic situation continues to harm older adults, the delivery of a new bonus was established. For this reason, in article 1 of decree 340/2024 it was established: “A pension financial aid is granted for a maximum amount of $70,000, which will be paid in the month of May 2024.”



This financial aid will be for “those holders who, for the sum of the assets of all their current benefits, receive an amount less than or equal to $190,141.60 ″. Within this framework, “the beneficiaries of the Universal Pension for the Elderly, established by Article 13 of Law No. 27,260 and its amendments” will also be included.

According to what was published, the bonus will also include “beneficiaries of non-contributory pensions for old age, disability, mothers of seven children or more and other non-contributory pensions and ex-gratia pensions whose payment is the responsibility of the National Social Security Administration (ANSES)”.

In article 4, the decree clarifies that for those holders whose sum of all benefits reaches an amount greater than the amount of $190,141.60, “the pension financial aid will be equal to the amount necessary until reaching the limit of $260,141.60 .”

“In the case of pension benefits, whatever the number of co-participants, they must be considered as a single holder for the purposes of the right to pension financial aid granted by this decree,” the bulletin details.

Finally, it was highlighted that in order to receive pension financial aid, the benefits must be current in the same month in which their settlement is made, and it will not be subject to any discount or computable for any other concept.


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The head of the ANSES, Mariano de los Heros
It is important to highlight that just a week ago the Government, the National Social Security Administration (Anses) updated the retirement and pension amounts that will apply from May 2024. This adjustment was detailed in Resolution 97/2024 , published in the Official Gazette, under the direction of Mariano de los Heros.

Established Amounts:

  • Minimum Asset: Starting in May, the guaranteed minimum asset will be $190,141.60.
  • Maximum Asset: The maximum asset will amount to $1,279,472.92 from the same month.
  • Minimum plus bonus: If the $70,000 bonus is made official, beneficiaries with a minimum will receive a total of $260,124.17
These new values arise from the recent measurement of retail inflation in March, which was 11%. By applying this percentage to the previous minimum amount of $171,283.31, the new minimum asset is obtained.

In this sense, the salary adjustment methodology will continue to be based on the inflation of the second month prior to the collection month, allowing for monthly updates. For example, April inflation, which is estimated to be lower according to consulting firms, will determine the June amounts.
 
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