Provincial retirees: 20% increase

2023-05-20 19:41:25

In an official communication, the Government of the province of Córdoba reported that it had made the decision to advance the update of the floor in the remuneration of retirees and pensioners of the Provincial Retirement Fund as of May so that the improvement can be received first days of June.

It was also clarified that with these improvements, lower-income liabilities will have a 20% increase in the minimum credit, for which they will collect $72,000. The same increase will be applied to the Solidarity Pension Supplement, which will go from $25,000 to $30,000. This supplement is accessed by all the beneficiaries of the Fund who have no other income, except their retirement or pension. In this way, no retiree and provincial pensioner will earn less than $102,000, informed the Minister of Finance, Osvaldo Giordano. The engardo of the economic portfolio, justified the measure by virtue of the high levels of inflation of the last months.

This is in addition to what was agreed in the joint negotiations, from which the suspension of the deferral of the increases received by the assets for those retirees and provincial pensioners whose assets do not exceed 250 thousand pesos was released.

The measures will be well received, mainly by former workers in inland municipalities, where 20% of the total will be affected by the impact of the update.

It also has a very important impact because the ceiling from which people with multiple incomes are affected by the Solidarity Contribution is modified. With the update, only people with incomes greater than $432,000 will be affected by the Contribution. This measure impacts seven thousand beneficiaries who were affected by the payment of the solidarity contribution by reducing the amount that will be deducted from their income for this concept.

The updating of the minimum credit also implies an increase in the income of the non-contributory pensions paid by the Province. This implies an improvement in the situation of the 2,100 people who receive this type of assistance.

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