[HIGHLIGHTS] How much do retirements and pensions increase in May?

In May, retirement benefits increase 11% due to the INDEC inflation data for March. But the final percentage will depend on the value of the Minimum Wage and the bonus.

With the 11% increase in May, retirees and pensioners who fully received the increases will accumulate an increase of 79.85% in 5 months. In June, pensions will be adjusted for April inflation (estimated by the REM at 10.8%), at which time it will be compared with the result produced by the previous Government's formula (salaries plus collection) and the greater increase. In July, the AF formula ceases to exist and starting in July the increase will be based on the inflation of the previous 2 months (in July it is adjusted by the May CPI). According to Jorge Colina, from consulting firm ID, “the legal objection has already said many times that the mobility formula has to be sanctioned by Congress’s decree” The Executive Branch can make advances in April, May and June - even by simple decree - but the new formula will be applied in July.