Overview
- President Keiko Fujimori announced the plan to raise the bimonthly Pensión 65 payment from S/350 to S/700 for older adults in extreme poverty during her July 28 address to the nation.
- MIDIS began the August payment cycle on August 3 and confirmed beneficiaries will receive the existing S/350 rate while the increase and its implementation are still being evaluated.
- The government says it will apply the increase progressively and deploy mobile enrollment brigades to reach rural, highland and Amazonian communities that face barriers to access.
- Analysts estimate the doubling would add roughly S/1,731 million a year to the program’s cost but the executive has not identified the funding source or a final timetable for rollout.
- Pensión 65 is a targeted program for Peruvians 65+ in extreme poverty and served about 824,351 beneficiaries in 2026, so changes will affect eligibility, outreach and the program’s fiscal footprint.