Cost of living update proposed by the recent Decree 274 serves to preserve purchasing power. But if the economy recovers and grows, it would be better for them to be tied to the GDP to evolve more in line with salaries.
“Mobility is not for recomposing retirements,” said Alejandro Chiti in the Forecast Commission of the Chamber of Deputies. The specialist Elsa Rodríguez Romero accepts that “mobility has no other function than to maintain, over time, the value of pension assets” But what it cannot do is reduce it under the guise of an increase in retirement benefits, she says. The new formula only contemplates the adjustment for inflation with a lag of 2 months by employment, in July by the May CPI, she adds. It is expected that from that point on salaries will be recovered (SMVM RIPTE, Indec Salaries, etc.) But retirees would be left out of this recovery, says lawyer Aníbal Paz.