Buenos Aires Times

economy WELFARE

Argentina: 140k pensioners stripped of 'historic' bonus

Several thousand pensioners in Argentina will lose part of their benefits for having failed to sign on to a new pension scheme.

Tuesday 11 September, 2018
The pension system in Argentina has experienced a merry-go-round of changes.
The pension system in Argentina has experienced a merry-go-round of changes. Foto:File-Perfil

More Economy News

Several thousand pensioners in Argentina will lose part of their benefits for having failed to sign on to a new pension scheme.

Pensioners had until August 31 to sign on to the ANSES social security bureau's so-called "historic reparation" programme, which seeks to correct the insufficiencies of previous calculations of the pension resulting from Argentina's historic economic fluctuation.

Around 140,000 pensionar are believed to be affected by the cuts, after they failed to agree to a new set of terms, either by appearing at an ANSES office or operating through a lawyer. The bureau had offered free legal services. Otherwise, recipients of the pension were required to advise ANSES of their inability to move, of serious illnesses or if they are over 90 years old.

Pensioners can still sign up to the new scheme but will not receive back payments, ANSES reported.

-TIMES

 

Poll

Op-Ed

Top Stories

  1. 1First photos from the deep: the wreckage of the ARA San JuanFirst photos from the deep: the wreckage of the ARA San Juan
  2. 2Navy, Defence Ministry confirm ARA San Juan submarine has been found
  3. 3Five first-rate plays to catch in local theatres right now before they close
  4. 4False alarms and bomb threats spark security concerns ahead of G20 summit
  5. 5ARA San Juan relatives contradict officials: 'Submarine could be resurfaced'
  6. 6ARA San Juan: Government to reward Ocean Infinity with US$7.5m
  7. 7Saskia Sassen: "Many of the spaces we believe to be public are privately owned"
  8. 8A ‘Dear John’ letter from New England
  9. 9'Suspected anarchists' carry out two attacks in Buenos Aires; Police arrest 13
  10. 10IMF appoints official ahead of re-opening of office in Argentina