2023-07-19 13:37:46
The 34% rise in the minimum wage will cause a automatic increase in plans social. The improvement will come to Enhance Work and Accompany, as of the update. It will also reach Progress Scholarships.
The Council of Minimum salary, vital and movil approved the new increase of 34% of the minimum income to be paid in three installments from July to Septembermonth in which there will be a review.
With this new update, the minimum wage that was $87,987 will become $105,500 in July$112,500 in August and $118,000 in September.
These figures will affect Promote Work and the Accompany Program.
The rise impacts the assets of Potenciar Trabajo and the Accompany Programas well as in the entrance requirements to the Progresar Scholarshipswhose income cannot exceed three minimum wages.
In addition, it affects the Anses retirees who accessed the pension system with more than 30 years contribution, this group may add to their monthly income the difference between the current minimum wage and 80% of the minimum wage, as long as the result gives a lower figure.
Raise the minimum wage: how it will impact the Strengthening Work
For the case of Enhance Workwhich depends on the Ministry of Social Development, their amounts are updated with the same percentages than the minimum wage. The program involves a part-time workload (four hours) in jobs in different areas, and receives an amount equal to 50% of the minimum wage. Currently, Potenciar Trabajo grants 43,993 pesos.
After the first update of July in the formal remuneration floor, the amount to be received by the beneficiaries would move to just under $52,750 and will continue to adjust with successive increases.
In August, then, the amount will be $56,250while by September the amount to be collected would amount to $59,000.
Raise the minimum wage: how it will impact the Progresar Scholarships
Progresar Scholarships: in this case the impact is indirect. For this salary aid aimed at university students, the vital and mobile minimum wage works as a ceiling for the delivery of the study scholarship. The beneficiary, under 24 years of age, collects it if his family earns less than three minimum wages.
From now on that top moves in relation to the monthly increases that the SMVM will have between until September, during the signed tranches.
It will then start with a cap of $316,500 in July Approximately and when the validity of this agreement signed between unions and businessmen ends, the family income limit to enter it would be $354,000 in March.
With information from NA
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