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  • The National Social Security Administration director Alejandro Vanoli (L) and President Alberto Fernandez (R), Buenos Aires, Argentina, 2020.

    The National Social Security Administration director Alejandro Vanoli (L) and President Alberto Fernandez (R), Buenos Aires, Argentina, 2020. | Photo: Wikimedia Commons

Published 14 February 2020

Pensions of retirees who receive less income could increase up to 12 percent.

The Argentinian government is expected to announce increases of retirements and pensions, to come to effect in March, while a new formula of social security mobility is elaborating.

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Alongside retirements, the upraise will benefice those persons who receive the Universal Child Assignment, the Familiar Assignment, not contributive services and elderly pensions.

The Work and Social Security Minister Claudio Moroni and the National Social Security Administration director Alejandro Vanoli will give details about the official increases.

According to local media, the uprising could be 12 percent for those people with the lowest incomes and four percent for the most solvent ones.

The new increment will be revealed one day after the National Institute of Statistics and Censuses (INDEC)​ ​​​​​​informed that January's inflation index was 2,3 percent, the lowest in the last six months. ​​​​​​​

As the Official Bulletin of the Argentinian Republic informs, this law contemplates salaries improvement as a way to benefit citizens with lower payment rates.

Also, the official publication recognizes that the economic crisis accentuated the already severe social situation and harmed workers and retirees.

Besides, the law encourages private companies to give discrete but needed salary increases to their employees.

The measures implemented by the government do not interfere with the possible salary agreements between employers and employees. ​​​​​​​

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