What are the statutory pension benefits in Argentina?

In Argentina, the pension system is primarily managed by the Administración Nacional de la Seguridad Social (ANSES) and operates as a public pay-as-you-go system. This means that current worker contributions are used to fund existing pensions. The statutory pension benefits in Argentina include:

• A basic provision: This is a foundational aspect of the pension paid to all qualifying individuals.

• An additional amount: This is based on an individual's contribution history and influences the amount received.

• Coverage for various benefits: These benefits cover retirement, disability, age, and survivor benefits.

Additionally, the system provides non-contributory pensions for individuals who do not meet the minimum contribution requirements.