In November 2024, pensions in Argentina will rise by 3.47% based on the September inflation index, but those receiving minimum pensions may see a lower effective increase of between 2.3% and 2.7%. This is due to the unchanged $70,000 bonus, which significantly impacts the purchasing power of retirees. In contrast, Agirc-Arrco in France will increase its supplementary pensions by 1.5% to 1.7%, reflecting inflation and financial reserves. Meanwhile, Germany is debating a second pension package aimed at stabilizing pension levels but faces opposition over contribution increases.
- The increase in pensions in Argentina comes amid a backdrop of declining purchasing power, with minimum wages reportedly falling 6% in real terms this year. The situation is exacerbated for those on lower pensions due to the unchanged bonus policy, leading to calls for reform to address these disparities. In France, the Agirc-Arrco pension scheme, which serves around 14 million pensioners, is also under scrutiny as it balances inflation adjustments with financial sustainability. Meanwhile, Germany's proposed pension reforms have sparked debate about the sustainability of social security contributions, with suggestions to adjust retirement ages and pension calculations to ensure equitable support for all pensioners.
