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Argentina Raises Pensions 1.93% and Keeps $70,000 Capped Bonus

The policy shifts minimum payments to start November 11, with mandatory PAMI deductions cutting beneficiaries’ net deposits and the bonus paid only to lower‑income retirees.

Overview

  • ANSES implemented a 1.93% mobility increase for November via Resolución 304/2026, setting the statutory minimum pension at $444,158.46 and the maximum at $2,988,765.82.
  • The government confirmed the extraordinary, non‑remunerative bonus under Decreto 1296/2026: a full $70,000 for total prestaciones up to $444,158.45, a proportional payment for totals between $444,158.45 and $514,158.45, and no bonus for totals at or above $514,158.45.
  • ANSES changed the November payment calendar because of holidays tied to the papal visit, moving minimum‑benefit payments to begin on November 11 and scheduling higher‑benefit payments in the week of November 24–30.
  • Mandatory PAMI contributions remain in force (3% on the minimum portion, 6% on the excess), so a beneficiary receiving only the minimum will see a net deposit of about $500,833.71 in November because the $70,000 bonus is exempt from that deduction.
  • In parallel, Mexico’s Secretaría del Bienestar begins bimonthly Pensiones disbursements on November 3 on a surname‑based calendar with fixed amounts, and the modest November raises and frozen bonus in Argentina highlight continued pressure on household incomes and reliance on fixed supplements.