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LatinNews Regional Monitor: Andean Group - 10 May 2019

TRACKING TRENDS

PERU | Increase in pensions approved. Peru’s cabinet has approved increases in pension payments for most of the country’s pensioners. This marks the first pension increase in 18 years. According to the economy & finance minister, Carlos Oliva, it was rendered possible by a 13.8% increase in the tax take in 2018. The specific increases are laid out in a supreme decree. They depend on pension contributions and time in the pension system.

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