The Social Security Administration (IPS) offers valuable financial assistance to older adults that meet certain requirements. IPS awards a $425,000 Golden Wedding Bonus to couples who have reached the goal of 50 years of marriage.
This bond, which is paid in a single payment of $425,360, is divided equally between both spouses, giving each spouse $212,680. However, to use this benefit it is necessary to meet certain criteria established by IPS.
This requirement guarantees that support reaches those who need it most, contributing to improving the quality of life of people in vulnerable socioeconomic situations. A bond is intended to represent a union and marriage that lasts over time. Therefore, the couple must be together and married to receive the bond.
This requirement guarantees that the couple actually lives together either in their habitual residence or in a long-term residence recognized by the authorities. This condition ensures that the bond reach people who have established their lives in Chile and have participated in society for a significant period of time.
If you meet these requirements and want to receive the Bond Golden Weddings, the process is simple. You can do it through the ChileAtiende virtual office by filling out the form and completing the video service, or by going in person to the ChileAtiende office with the identity cards of both spouses. Therefore, IPS recognizes the value of a long-lasting marriage and offers significant financial support to those who have been together for decades.
