Argentina
ANSES will apply a 1.65% increase in pensions in October, and the decision on the bonus remains pending
The update stems from the August inflation data released by INDEC. According to Perfil, the minimum pension will rise to $435,662.86, and total income will depend on whether the Government keeps the bonus of up to $70,000.
Pension and retirement benefits paid by ANSES will be updated again in October under the current mobility formula. After August inflation was released, the increase will be 1.65% and, according to Perfil, the minimum pension will stand at $435,662.86.
For those receiving the lowest incomes, the final amount will continue to depend on the Executive Branch’s decision on whether to extend the extraordinary bonus of up to $70,000, which has remained at that amount since March 2024. If that top-up is maintained, the income of a retiree receiving the minimum will reach $505,662.86 in October, according to Perfil.
The adjustment is triggered by the price index from two months earlier. In this case, the update was tied to the August figure, when inflation was 1.7%, according to INDEC.
In September, the minimum pension had stood at $428,633.20 and, with the $70,000 bonus, the total rose to $498,633.20. Perfil also noted that the bonus is not automatically adjusted, so its impact on total income has been shrinking as benefits have increased.
The October increase will also affect other pension benefits administered by ANSES. According to Perfil, the Universal Pension for Older Adults will rise to $348,530.28 before any possible top-up, while Non-Contributory Pensions will reach $304,965.61. The Pension for Mothers of Seven Children, meanwhile, will stand at $435,662.86.
BAE Negocios had previously published an estimate based on private projections and the Central Bank’s Market Expectations Survey, which also placed August inflation at around 1.7%. Using that calculation, that outlet projected a minimum pension of $435,919.96 in October, a figure different from the one later reported by Perfil after the official data was released.
BAE Negocios added that there will be new updates in November and December, determined by September and October inflation, respectively. It also noted that the year-end bonus payment for retirees and pensioners will be added in December.
Fuentes
Sobre esta nota. Written by El Notero with the assistance of artificial intelligence, based on what was published by the cited outlet. El Notero did not conduct its own reporting on this event.
