Monday, September 25, 2023

The government has made the call for setting up the Pay Council official

By the Decision 11/2023 published in the Official bulletin, The following was also set on the agenda: 1) Appointment of two directors from each sector present to sign the minutes. 2. Examination of the questions raised by the plenary session Salary Commission, Minimum, Vital and Mobile and unemployment benefits.

Topics that will be discussed include:

  1. Determination of the minimum, living and mobile wages.
  2. Determination of the maximum and minimum amounts of unemployment benefit.

Last July, the majority of the CNVN voted a Increase in this compensation by 34% in three periods, between July and September, bringing this income to $105,500, then in August to $112,500 and reached $118,000 in the current month.

At this meeting, the CGT voted in favor, the Autonomous CTA rejected it after demanding 55%, and the Workers’ CTA, led by Hugo Yasky, decided to abstain from this vote.

Minimum Wage: How It Affects After Profits Change

The most recent DNU, which increased the Minimum tax floor of Income tax up to the equivalent of 15 times the minimum wage to be exempt from tax, an amount that would previously be $1,770,000.

This standard also states that the Amount of compensation The minimum wage in force on October 1, 2023 is an exception.

After the council meeting Cap of $1,770,000 will be changed again accordingly SMVM increase percentage.

If the council determines one 15% increase since October 1 and rises to $135,700, in line with food inflation observed in August. the cap would rise to $2,035,500.

Minimum wage: How it affects other benefits

The change in SMVM affects the Unemployment benefits the plan improve work and that accompanying program, In addition to the Progresar scholarships, there are government grants, among other things.

  • ANSES pensioners: Affects ANSES pensioners who entered the pension system with more than 30 years of contributions. This group can add to their monthly income the difference between the current minimum wage and 80% of the minimum wage, provided the result is lower.
  • improve work: In the case of this program, which is under the Ministry of Social Development, its amounts are updated with the same percentages as the minimum wage. The program provides for a half-day workload (four hours) in various areas and receives an amount equal to 50% of the minimum wage. Currently, Potenciar Trabajo grants 43,993 pesos. After the first update to the formal compensation floor in July, the amount beneficiaries would receive would be just under $52,750 and will continue to be adjusted with successive increases.
  • Progresar Scholarships: In this case the impact is indirect. With this salary support for university students, the living and mobile minimum wage serves as the upper limit for the granting of the study scholarship. The beneficiary under the age of 24 receives it if his family earns less than three minimum wages. From now on, this limit will shift in proportion to the monthly increases that the SMVM will receive in the signed sections between September and September.
Nation World News Desk
Nation World News Desk
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