JUBILATIONS AND PENSIONS Increase the retirement and pension benefits of National Provident Funds. DECEMBER No. 1,452

Bs. As., 14/6/83

I look at the Nros Laws. 18.037 (t. 1976) and 18.038 (t. 1980), and

CONSIDERING:

That according to the estimated variation in the overall level of the remunerations produced in relation to which it was taken into account to establish the previous mobility, provided for by Decree No. 1.096/83, and as determined by articles 52 of Act No. 18,037 (t. 1976) and 39 of Act No. 18,038 (t. 1980), it is appropriate to increase from 1 June 1983 to 12 per cent (t.

Without prejudice to the above-mentioned measures, it is considered appropriate to recompose the retirement scales that have been lagging, seeking a more appropriate relationship with the wage level of the workers in operation.

It is also considered appropriate to equip, as of 1 July 1983, the minimum monthly pensions and pensions agreed upon or to agree on by the National Provident Funds.

That, therefore, it is appropriate to increase from the precited date the minimum monthly assets of ex gratia pensions and other non-contributory benefits and the monthly availability of old-age and disability pensions that are subject to article 8 of Act No. 18,820.

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1 ∙ Increase by 12 per cent (12 per cent) the retirement and pension benefits provided by the National Provident Funds.

The above-mentioned increase shall be effective 1 June 1983 and shall be applied on the amount to be received as at 31 May 1983.

Art. 2o ∙ As of 1 July 1983, the retirement and pension benefits shall be equivalent to the amounts resulting from deducting from the amounts in force as at 30 June 1983, the fixed amounts composing them, which are set out below, and increase the resulting amounts by applying the following coefficients:

1. Benefits under the provisions of Resolution No. 726/78 of the former Secretariat of Social Security:

Retirements: The sum of three hundred twenty Argentine pesos will be deducted with seventy-four cents ($a 320.74), and the increase coefficient will apply 1.5135.

Pensions: The sum of two hundred forty-one Argentine pesos will be deducted with seventy-six cents ($a 241.76), and the increase coefficient will apply 1.5135.

2. Benefits derived from Act No. 18,037 and its amendments that do not fall within the provisions of the above-mentioned resolution:

Retirements: The sum of two hundred and eighty-seven Argentine pesos will be deducted with nine cents ($287,09), and the increase coefficient will apply 1,4842.

Pensions: The sum of two hundred forty-one Argentine pesos will be deducted with seventy-six cents (Argentine pesos 241,76), and the increase coefficient 1,4842 will be applied.

3. Benefits under the provisions of Decree No. 662 of 27/3/81:

Retirements: The sum of five hundred forty-eight Argentine pesos will be deducted with thirty-four cents ($548.34), and the increase coefficient will apply 1,4842.

Pensions: The sum of four hundred sixty-one Argentine pesos will be deducted with seventy-six cents ($461.76), and the increase coefficient will apply 1,6350.

4. The provisions of item 2 also apply to benefits derived from Act No. 18,038 and its amendments, the date of application being prior to 1 September 1982.

The Under-Secretariat for Social Security shall issue the supplementary rules necessary for the implementation of the provisions of this point.

Art. 3o ∙ Raise as of 1 June 1983 the minimum monthly assets of the agreed benefits or the agreement of the National Provident Funds to the following amounts:

Retirements, except for the advance for the woman eager.	$880
Pension and early retirement for women	$780

Art. 4o As of 1 July 1983, the minimum monthly pensions and pensions agreed upon or the National Provident Funds will be eight hundred and eighty Argentine pesos ($880). Art. 5o The maximum monthly number of retirements, including the mobility established by articles 53 of Law No. 18.037 (t. 1976) and 39 of Law No. 18.038 (t.o. 1980), will be from 1 June 1983 of four thousand five hundred forty-six Argentine pesos ($4,546), and from 1 July of the same year of six thousand three hundred and twenty-one Argentine pesos. Art. 6th - Exclude the provisions preceding the agreed benefits or agree on the application of the Nros Acts. 18.464, its amendments and supplements, and 22,731. Art. 7o ∙ Note in the following amounts, the minimum monthly assets of ex gratia pensions and other non-contributory benefits and the monthly availability of old age and disability pensions, which are subject to article 8 of Act No. 18,820:

1 June 1983	$a 546
1 July 1983	$a 616

Art. 8o ∙ The correction rate referred to in article 53 of Act No. 18,037 (t. 1976) should be 1,6946, to be applied for the determination of retirements for participants who cease their activity from 31 May 1983. The final result of the application of the procedure established by article 49 of Law No. 18.037 (t. 1976) for the determination of the existence of benefits will be added the sum of two hundred eighty-seven Argentine pesos with nine cents ($287,09). Art. 9th ∙ The correctional index referred to in article 53 of Act No. 18,037 (t. 1976) is to be applied in order to determine the existence of the retirements of the participants who cease the activity from 30 June 1983. Art. 10 The Under-Secretary for Social Security is empowered to dictate the interpretative and complementary norms of this decree. Art. 11 Communicate, publish, give to the National Bureau of the Official Register and archvese. BIGNONE Adolfo Navajas Artaza.