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Argentine Government Announces Retirement Increase

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Argentine Government Announces Retirement IncreaseBUENOS AIRES, Argentina.- The Argentine government will announce the new increase for retirements and pensions, which will begin on March 1, while a new interim mobility formula is developed.

In addition to retirements, the rising will benefit those who receive the Universal Child Allowance, family allowances, non-contributory benefits, and pensions for senior citizens.

Although the percentage of increase for this sector will be known, the increase could be 12 percent for those with lower levels and 4 percent for those in higher categories.

The new increase will be known a day after the National Institute of Statistics and Census reported that in January the inflation rate was 2.3 percent, the lowest in the last six months.

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