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1h ago

CEPA Tallies Pension Losses After Milei Veto, Detailing Province-by-Province Hit

With the veto still in force after the lower house upheld it, CEPA estimates a 468 billion‑peso monthly shortfall for retirees nationwide over the next year.

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Overview

  • CEPA calculates aggregate losses of about 468 billion pesos per month for 6,104,055 retirees, totaling roughly 5.6 trillion pesos over 12 months.
  • The estimate reflects the vetoed 7.2% recomposition from January 2024 and the decision not to raise the monthly reinforcement bonus from 70,000 to 110,000 pesos, using REM-BCRA inflation projections.
  • In Santiago del Estero, CEPA projects 113,292 retirees will forgo about 8 billion pesos per month, or roughly 104.38 billion pesos over 12 months, averaging near 80,000 pesos per person monthly.
  • For Mendoza, losses are pegged at more than 23 billion pesos per month, averaging around 77,000 pesos per retiree, placing the province fourth nationally after Buenos Aires, Córdoba and Santa Fe.
  • CEPA warns the income hit falls on a vulnerable population and is likely to depress local economic activity in affected provinces.