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2mo ago

Argentina Applies 2.1% July Increase to Pensions as $70,000 Bonus Remains Unconfirmed

The mobility rule lifts the minimum pension to about $411,788, and a pending government decision on the extra bonus will determine whether many retirees get less cash in July after June's aguinaldo.

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Overview

  • ANSES will apply a 2.1% automatic increase in July based on May inflation reported by INDEC, raising the statutory minimum pension to roughly $411,787.67 and adjusting PUAM and noncontributory pensions proportionally.
  • ANSES published the July payment calendar with disbursements for minimum‑level beneficiaries starting the week of July 8 and a full monthly schedule through late July.
  • The extraordinary bonus of up to $70,000 that boosted June payments was not formally renewed for July and remains unconfirmed by the national government.
  • Economy Minister Luis Caputo has said there are no immediate improvements and has cited fiscal limits, signaling the bonus decision will depend on available resources.
  • Because June included the semiannual aguinaldo, many retirees will receive lower net cash in July even with the 2.1% rise unless the government reissues the $70,000 refuerzo, which would restore higher totals for low‑income beneficiaries.