The Oficina de Normalización Previsional (ONP) in Peru provides an advanced age bonus known as the Bonificación por Edad Avanzada (BEA), which increases pension amounts for beneficiaries once they turn 80 years old.
Data regarding the distribution of this bonus indicates a significant growth in the number of recipients over recent years. Statistics show that the beneficiary count rose from 91,561 pensionists in July 2021 to 128,201 by November 2023, and further increased to 145,318 by August.
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