When the Minister of Economy, Sergio Massa, announced this Sunday a fixed sum of $60,000 for formal workers in the private and public sectors, detailed that it will be paid in two equal installments in September and October, for the only time, and on a “non-remunerative” basis. What does this concept mean?
Difference Between Fixed Sum and Bonus
The fixed sum is an amount that is incorporated directly into the remuneration of workers in a dependency relationship as part of the salary. This means that it has a direct impact on social and tax charges.
On the other hand, the Bonus is an economic reinforcement that is paid only once or for a specific periodas agreed by the implementing body. Not added to salary and it can be received by both dependent workers and other employees.
What does it mean that the bonus is “non-remunerative”?
the concepts Non-remunerative are items within the salary from which contributions or contributions are not deducted (subtracted), that is, they are exempt from social security charges, from the calculation of severance pay and, according to the agreement, they are also excluded when making the settlement of Christmas bonuses, overtime and vacations.
Instead, the concepts remunerative are those on which contributions are deducted (paid by the employee, such as social work, retirement, unemployment fund, etc.) and contributions (In charge of the employer, the same concepts, but with more load). They are the ones that make up the gross salary.
What does “absorbable by parities” mean?
In addition, the candidate for president of Unión por la Patria specified that this figure will be “absorbable by parities”. This means that the amount of $60,000 of this non-remunerative fixed sum will be deducted in the joint agreements between the unions and the companies.
This amount, then, is not added to what was agreed. If, for example, the future parity agreement implies a nominal increase of $70,000, the $60,000 granted now will already be considered within that total. While, once the agreed amount in parities is incorporated and becomes remunerativethe amount will begin to suffer discounts, such as retirement or social work contributions.
