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Argentina updates July pension values, confirms bonus payment
🇦🇷 Argentina /Economy & Trade

Argentina updates July pension values, confirms bonus payment

From La Nación · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • The Argentine government, through Anses, has updated retirement and pension benefits for July.
  • The minimum pension will increase to 411,989 pesos gross, with a bonus of 70,000 pesos for those receiving the minimum.
  • This update includes adjustments to various benefit values and taxable bases, with specific details for minimum pension recipients after deductions.

Argentina's National Social Security Administration (Anses) has announced updated retirement and pension values for July. The minimum pension will see a gross increase to 411,989 pesos, up from 403,318 pesos in June. A bonus of 70,000 pesos is also confirmed for recipients of the minimum pension.

For those receiving only the minimum pension, the total income will be 481,989 pesos before deductions. After the PAMI contribution is subtracted, the effective amount received will be 469,629 pesos. Due to the fixed bonus amount, the actual percentage increase for this group is less than the general 2.15% adjustment, amounting to 1.83%.

The update also establishes new minimum and maximum taxable bases at 138,757 pesos and 4,509,567 pesos, respectively. The Universal Basic Benefit (PBU) will be adjusted to 188,466 pesos, and the Universal Pension for Older Adults (PUAM) to 329,591 pesos. Recipients can check their payment schedules and locations through the Anses website.

DistantNews Editorial

Originally published by La Nación in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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