Argentina’s Supreme Court this week rejected a move to change the index used to calculate pensions pushed by the government, a ruling that will boost pensioners’ pockets and send the government back to the legislative drawing board.
On Tuesday, the justices of the nation’s highest court ruled against legislation that sought to modify the index used measure such payments, declaring a 2017 reform to the system was “unconstitutional.”
In a blow to the President Mauricio Macri administration, the court voted four-to-one against the new index. Chief Justice Carlos Rosenkratz delivered the sole dissident vote.
The ruling was based on one case in particular, but it sets a precedent for another 150,000 retirees who have also filed similar legal claims.