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12h ago

Argentina Deputies Uphold Milei’s Pension Veto

The decision leaves CPI indexing and a frozen 70,000‑peso bonus in place, limiting retirees to modest, delayed adjustments.

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El gremio de los docentes, UEPC, marchando hacia hacia el Patio Olmos. (Ramiro Pereyra / La Voz)
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Overview

  • The vetoed bill would have granted a 7.2% one‑off correction to cover January 2024 inflation and raised the compensatory bonus to 110,000 pesos with future updates.
  • Under DNU 274/2024, benefits track INDEC inflation with a two‑month lag; in September the minimum without bonus is set to reach 320,277 pesos after a 1.9% increase.
  • Página/12 reports that under the prior formula the September minimum would have been about 413,520 pesos, roughly 29% higher than under the current scheme.
  • The compensatory bonus has been fixed at 70,000 pesos since March 2024, and the article estimates it would be about 166,755 pesos in September to keep pace with prior adjustments.
  • Official data cited show 223,537 registered jobs lost between November 2023 and May 2025, nearly a 6% drop in registered wages by June 2025, and 42.0% urban informality in late 2024, straining pension financing.