The Minister of Economy, Sergio Massa, and the head of the National Social Security Administration (Anses), Fernanda Raverta, announced this Wednesday an increase of 15.53% for retirees and pensioners.

To this increase is added a monthly reinforcement of up to $7,000 pesos that will be paid in the months of September, October and November until the next mobility increase in December, which will reach 6.1 million people, that is, almost 85 percent of all retirements.

Massa explained through his Twitter account that the bonus will reach retirees and pensioners who receive up to 1 minimum pension and will gradually decrease to $4,000 that will be received by those who receive up to 2 minimum salaries.

“In this way, the minimum retirement will go from $37,525 to $50,353, while those who receive up to 2 minimum retirements will receive from $75,050 to $90,705. That is, no retirement will be below 50,000 pesos,” said the minister of Economy.

The increase is based on the calculation established by the Mobility Law, which updates the amounts based on a coefficient prepared in equal parts by the pension collection and the Average Taxable Remuneration of Stable Workers (Ripte).

In mid-May, the agency announced the 15% increase for June-August, which brought the minimum retirement amount to $37,524.96, and the Universal Child Allowance (AUH) and Pregnancy, to $7,332.

The previous adjustments were 8.07% for the March-May 2021 quarter, 12.12% for June-August, 12.39% for September-November, 12.11% for December 2021-February 2022 and 12 .28% for March-May this year.

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