📋 Tender Overview
Through Supreme Decree No. 003-2022-TR the Executive Power determined the increase of the Minimum Vital Remuneration RMV to S 1025 after it remained unchanged since 2018. The measure will become effective as of May 1 and according to information from the electronic payroll it is estimated that it will benefit more than 1.4 million workers in the private sector who currently have a salary lower than the new amount established for the RMV and that represent 30 of its workforce. This increase is due to the constitutional right of workers to have sufficient remuneration to ensure well-being and is part of criteria worked out within the National Council for Labor and Employment Promotion in 2007 when it was proposed that an increase in the RMV would be carried out in a favorable context according to four criteria GDP growth rate Open unemployment rate Labor informality rate Ratio between the RMV and the average remunerationBased on official information provided by the National Institute of Statistics and Informatics INEI for 2021 the MTPE analyzed these four criteria and found no alerts thus considering a favorable economic context for the increase in the RMV. Likewise also within the framework of the National Council for Labor and Employment Promotion CNTPE of that year it had been agreed that the amount of the RMV would be determined based on two variables Core inflation Total factor productivityThe adjustment for subjacent inflation aims to preserve the purchasing power of the workers who receive the RMV in the face of price increases while the adjustment for productivity seeks to ensure that the increases follow real growth in the economy. The criteria to establish the increase amounting to S 95 with respect to the amount still in force of S 930 were worked out jointly by professional technicians from the Ministry of Labor and Employment Promotion MTPE the Ministry of Economy and Finance MEF and the National Institute of Statistics and Informatics. During the last four years Peru was one of the few countries in the region that did not increase the RMV unlike others that did even in times of pandemic. Thus for example within this context according to the ILO among the countries of the Pacific Alliance Chile has implemented four increases while Colombia and Mexico have done so twice. Although the revision of the increase in the RMV is a state obligation to materialize a constitutional right of workers in the current context said increase acquires particular relevance because it will allow more than one million workers and their families to counteract the effect of the increase in the cost of living produced by external factors and that usually affects mainly those with fewer resources. It should be noted that in accordance with the constitutional order the RMV readjustment approach was duly raised by the MTPE up to two times before the CNTPE.
