More than a million retirees will receive an extra benefit

After the rise in the Minimum, Vital and Mobile Wage, more than a million retirees will obtain an extra benefit in July and in total they will receive a salary of $103,510.

In detail, around 1.4 million retirees and pensioners Those who retired with 30 or more years of effective contributions, without resorting to moratoriums, will obtain an additional $15,572 due to the formula for payment to retirees, where the income must reach 82% of the value of the minimum wage.

That amount is added to the bonus of $17,000 anticipated for July.

Thus, adding the minimum retirement of $70,938 plus the $17,000 of the bonus and the additional $15,572 for the increase in the minimum wage, said retirees will receive a total of $103,510.

Then, in August, the minimum wage will rise to $112,500, and these retirees will receive 82% of it, that is, $92,250 plus the $20,000 bonus, which will reach $112,250.

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The new minimum wage scale

The Council for Employment, Productivity and the Minimum, Vital and Mobile Wage organized this Thursday by majority an increase in income of 34% in three sections, which it will reach $105,500 this month, $112,500 in August and $118,000 in September.

The increase in the minimum income was approved on the basis of the value in force as of last June, of $87,987.

GDL CPs