The report on the indexation of benefits within the adaptive social protection (ASP) framework underscores the importance of linking cash transfers to inflation to maintain their adequacy amidst changing economic conditions. It analyzes 232 non-contributory cash transfer programs across 158 countries, revealing that nearly four-fifths incorporate some form of indexation, with about one-third using automatic adjustments. The study documents the evolution of indexation practices, highlighting the strengths and limitations of different types, such as discretionary versus automatic adjustments, and their fiscal and political implications. The report calls for a tailored operational agenda to refine indexation practices, including selecting appropriate benchmarks and customizing indexation to specific cash transfer designs, with the findings and case studies serving as a foundation for future innovation.