The Argentinian government has officially confirmed the provision of an extraordinary bonus of $55,000 to retirees and pensioners receiving the minimum wage in December 2023. This bonus, established under decree 626/2023, will be disbursed alongside the pensions managed by Anses. The beneficiaries of the Universal Pension for the Elderly (PUAM), non-contributory pensions for old age, disability, mothers of seven or more children, and other discretionary pensions are also included in this measure.
Bonus for Minimum Wage Retirees
The minimum wage retirees who receive a total of benefits equal to or greater than $105,712.61 will receive the bonus necessary to reach a total of $160,713. In December 2023, a retiree on minimum wage will receive $160,713, including the wage and the reinforcement, representing an annual increase of 167%, according to Anses. Additionally, they will receive the half-yearly bonus, adding up to a total of $213,569 in December.
Beneficiaries of the Bonus
Retirees with 30 years of effective contributions receiving a minimum pension will receive a supplement of 82% of the Minimum, Vital and Mobile Salary, amounting to $22,207. The extraordinary reinforcement is aimed at all pension holders who do not exceed the minimum wage, which will reach $105,713 in the last month of the year. This bonus will be credited in December along with the wage, updated by 20.87%, and the half-yearly bonus.
Future of the Bonus
The next Executive Director of Anses will decide the continuity or total interruption of the Reinforcement bonuses for retirees and pensioners for January and February 2024. They emphasized that social items will not be touched, and the continuity of the social tariff for vulnerable sectors is confirmed. The Government also confirmed the maintenance of the VAT Refund program and the removal of Profits. Tax decreases always favor the people, and both reductions will be maintained.