Nazi Trove Unearthed

Argentina's Supreme Court has ruled that pension adjustments during the 2002-2017 period were incorrectly calculated, impacting potentially hundreds of thousands of retirees. The ruling centers on how pension payments were updated to account for inflation, finding that the method used by the government significantly undervalued the increases, resulting in lower payouts for retirees. The case, brought forward by a retiree named Lucio Orlando Blanco, challenged the government's formula for adjusting pension benefits. Blanco argued that the adjustments failed to adequately reflect the actual rate of inflation, effectively diminishing the real value of his pension over time. The Supreme Court agreed, stating that the government's calculations did not accurately compensate for rising costs of living. While the specific methodology for recalculating the adjustments has yet to be determined, the court's decision sets a precedent for other retirees seeking to challenge their pension adjustments during the same period. Experts estimate that the ruling could affect up to 200,000 retirees and cost the Argentine government billions of dollars in back payments and future adjustments. The government must now develop a new formula or method to properly adjust pension benefits for the affected years, potentially facing a significant financial burden. The ruling has been welcomed by retiree advocacy groups who have long criticized the government's pension policies. find the original article here: https://www.yahoo.com/news/argentinas-top-court-finds-80-000901102.html