In Chile, senior citizens are a priority group for the State, and various economic benefits have been established to support them in their old age. In August, these benefits could add up to $425,000, thanks to pensions, bonds and subsidies administered by the Social Security Institute (IPS). Let’s learn more about these benefits and who the potential beneficiaries are.
The pension
The Universal Guaranteed Pension (PGU) is one of the main benefits for older adults in Chile. This benefit is intended for those who do not receive a pension sufficient to cover their basic needs. The PGU ensures a minimum income for all people over 65 years of age who meet the established requirements. This year, many beneficiaries can receive this pension, which is added to other benefits. bonds that they may have, thus alleviating their economic situation.
Another important financial aid is the Bond per Child, which is granted to women over 65 years of age. This bonus recognizes the effort and time dedicated to raising children, thus increasing the mothers’ pension. The amount of the benefit is calculated based on the number of children and is deposited directly into the beneficiary’s account, offering significant financial relief.
The Golden Wedding Bonus celebrates those couples who have reached 50 years of marriage, granting them financial recognition. This bond It is given once and is a way of honoring the constancy and dedication in married life. In addition, during national holidays, retired seniors can receive Christmas bonuses, which are additional payments to help them enjoy the celebrations with a little more financial comfort.
The Widow’s Pension is a crucial aid for those who have lost their spouse. This benefit is granted to widows and widowers to ensure that they continue to receive a stable income after the loss of their partner. On the other hand, the Bond Post-Work Benefit is intended for older adults who have worked in the public sector and are retiring, providing an economic extra that facilitates the transition to retirement.
The Rental Subsidy for Senior Citizens is an aid designed for those who do not own a home and need to rent. This subsidy contributes to covering part of the cost of rent, thus ensuring that senior citizens can live in decent and adequate conditions. In addition, the Bond Recognition is a benefit granted to those who contributed to the old pension system and moved to the AFP system, increasing their pension.
For those older adults who wish to check if they have bonds pending, the State has enabled the platform “Check if you have a payment due” in Chile Atiende. By entering your RUT and date of birth, you can check if you have money to withdraw from your compensation offices or bank branches. If an amount to be paid appears, you can log in with your Unique Key and request payment by electronic transfer.
