For him advance of labor informality, The Government already foresees that fewer workers can retire. In the project of Budget 2027 it is estimated that, between highs and lows, there will be a drop in the stock or register of ANSeS retirees: from 5,590,521 in 2026 it would drop to 5,485,761. That’s 104,760 less.
Instead, PUAM beneficiaries would increasethe Universal Pension for the Elderly, which, unlike retirements, does not require 30 years of contributions. According to the Budget numbers, they would go from 220,308 this year to 253,032 in 2027. There are 32,724 more.
There would also be a increase in Unemployment Insurance from 118,868 to 130,324.
The drop in the number of retirees would be due to the fact that It is increasingly difficult for workers to reach the age of 30 or more of contributions to access contributory retirement.
Due to the drop in registered employment and the advance of “black” jobs, upon reaching retirement age (60 years for women, 65 years for men), they are unable to achieve 30 years of employment with contributions. And they cannot complete the missing years with a moratorium because were repealed.
Instead, PUAM reaches those who are 65 or older years of age (both men and women) but do not have the mandatory contributions to be able to access a retirement.
The PUAM is equivalent to 80% of the minimum retirement income plus the $70,000 bonus. In September it was $342,908 plus $70,000 from the bonus.
Thus, the value of the PUAM is below the minimum credit and, in In the event of death, it does not give the right to a widow’s pension. And you have to find yourself in situation of social vulnerability to be able to remove it. Prior to granting the benefit, a socioeconomic and patrimonial evaluation is carried out.
A Report from the Undersecretary of Security indicates that, since its creation in 2016, the number of PUAM beneficiaries has grown steadily, going from a small universe in the first months of implementation to more than 300 thousand beneficiaries by mid-2023. It was then reduced with the moratorium, which expanded the possibilities of accessing a contributory retirement.
But with the expiration of the moratorium in March 2025, “people who reach retirement age without the required years of service once again find the alternative for pension coverage in the PUAM,” says the Report.
In 2026, the weight of the PUAM was 3% of the system’s total benefits; In 2027 it would rise to 3.5%. Meanwhile, Social Security projects that in 2030 it will rise to 9%; in 2035, to 17% and in 2040 to 25%
Thus, “forecast projections suggest that The relevance of the PUAM will tend to increase in the coming decades, in a context of population aging and persistence of work trajectories with low tax density“adds the Report.