Asunción, IP Agency.- The Board of Directors of the Social Security Institute (IPS) resolved to establish the minimum retirement asset at 50%, which is currently 75%. The provision will benefit new retirees.
The resolution annulled the increase in the minimum retirement salary to 75%, meaning that the minimum amount with which a worker can retire remains at 50% of the legal minimum wage.
The counselor and representative of the workers, Víctor Insfrán, explained that the decision taken last Thursday concerns new retirees under special conditions, that is, those who contribute below the minimum.
He expressed that “those people who have a contribution of less than 50% of the minimum wage, whose average is a lower sum, will still have 50% of the minimum wage,” he explained in a radio interview.
50% of the current minimum wage is G. 1,340,186. This is the amount that the next new retirees will receive with the minimum assets.
The provision does not affect those who have already retired with 75% of the minimum, equivalent to G. 1,716,000, since the laws are not retroactive. Any measure taken applies in the future, it does not affect those who already have an acquired right.
Positive measure for the IPS
The institution mentioned that this measure is positive for the IPS coffers, since the previous decision to increase the minimum amount to 7% was very populist and above an existing law, which is the one that regulates the matter.
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2024-05-01 03:37:36
