Overview
- The December deposit will bundle three items in one credit: the monthly pension updated by about 2.3%, the second half of the annual bonus (SAC) and the $70,000 reinforcement for lower-income beneficiaries.
- Jubilados y pensionados under SIPA, PUAM recipients and Non-Contributory Pensions are included, while social benefits such as AUH and AUE do not receive the SAC.
- The SAC equals 50% of the highest monthly benefit earned between July and December, is calculated automatically, prorates for recent retirees and does not count the $70,000 bonus in its calculation.
- Payments for minimum benefits run from December 9 to 20 and for higher benefits from December 16 to 23, with no paperwork required and funds deposited in the usual bank account.
- With the 2.3% mobility increase (Decree 274/2024), the minimum benefit is about $340,746, and media estimates indicate a retiree at the minimum will receive roughly $581,000 in December including SAC and the $70,000 top-up.