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NEWS - ARGENTINA

Argentina to boost pension payments by 16.9%

Global Pensions | 29 Jul 2010 | 14:03

Raquel Pichardo-Allison

ARGENTINA – The Argentinean government has announced an increase in pension payments to retirees of 16.9%, the second rise this year.

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President Cristina Fernández yesterday said the increase will come into effect on 1 September. This will increase the minimum pension to ARS1,091.50 ($277.5) from ARS895.20.

In March, the government upped the pension payment by 8.2%, bringing the total increase this year to over 25%. (Global Pensions; February 10, 2010)

Since 2003, pension payments have increased 550% as a result of decisions made by President Fernández and her predecessor and husband, Néstor Kirchner.

 

 

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