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Argentina Confirms 3.4% May Pension Increase Under CPI Link

The CPI-based rule now adjusts benefits each month with a two-month lag to track prices.

Overview

  • ANSES confirmed a 3.4% update for May 2026 based on INDEC’s March inflation, lifting the minimum pension to about $393,250.
  • The agency published the May payment calendar, which pays retirees with minimum benefits first in order of DNI number.
  • The $70,000 bonus for low incomes uses a graduated scale that pays the full amount at the minimum and phases out near $450,319, and its use in May still awaits an executive decision.
  • Linked benefits will rise in step: PUAM is about 80% of the minimum, PNC is about 70%, and the Madre de 7 Hijos pension matches the minimum, with higher take-home only if a bonus is applied.
  • Decree 274/24 replaced quarterly adjustments with monthly CPI indexing, which narrows the lag between price changes and benefit updates.