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Aging Pressures Push Later Retirement and Upfront Pension Costs in Spain and Argentina

Fewer workers support each retiree, putting pay‑as‑you‑go promises under strain.

Overview

  • - The European Commission warns that population aging will lift spending on pensions, health care and long‑term care, tightening the squeeze on public finances.
  • - In Spain, fresh forecasts point to a legal retirement age near 66 years and 10 months, and economist Luis Garvía says balancing the system would push retirements closer to 72.
  • - Argentina’s statistics agency reports that people over 60 now make up 16% of the population and could reach 26% by 2050, signaling heavier pension costs ahead.
  • - After broad moratoria were curtailed in Argentina, active workers can pre‑buy missing contribution months under Law 27.705, priced at ARS 37,142.52 per month in May 2026 through the UPDP.
  • - People who reach retirement age without 30 years of contributions are steered to PUAM, which pays 80% of the minimum pension and ends when the holder dies, leaving spouses without a survivor benefit.