The IVSS reported that the pension, of Bs 130, will begin to be deposited to the elderly as of this Tuesday, December 20
The Venezuelan Institute of Social Security (IVSS) reported in its social media that from this Tuesday, December 20, the Bs 130 corresponding to the amount of the pension for the month of January 2023 will be deposited to retirees and pensioners.
The money, which corresponds to a month of minimum wage decreed by the Executive in March 2022, is equivalent to about 8,125 dollars; if the official exchange rate of the Central Bank of Venezuela is taken into account, which, for this Tuesday, stands at 16 bolivars per dollar.
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We inform all our pensioners that TOMORROW TUESDAY #20december The amount of the pension corresponding to the MONTH OF JANUARY will be credited to their bank accounts. Remember to use Electronic Banking! #ChristmasTimeOfPeace @MagaGutierrezV @NicolasMaduro pic.twitter.com/pC4H9B5nor
— Venezuelan Institute of Social Security (@Somosivss) December 19, 2022
In the middle of Decembera group of retirees and pensioners went to the headquarters of the Ombudsman’s Office in Caracas to demand from the authorities that pensions be indexed to the value of the dollar, with which, in their opinion, the premise of article 91 of the Constitution can be fulfilled which establishes that the minimum wage must be enough to cover the basic food basket.
This was stated by the president of the Association of United Retired Educators of the Capital Region and member of the Coordinator of Pensioners and Retirees of Venezuela, Pedro García, stressed that if the cost structures of establishments and products are in dollars, why wages and pensions are not indexed for at least two years due to the high cost of living.
The Minister of Labour, Francisco Torrealba, warned on December 6 that an eventual increase in the minimum wage could occur in Venezuela when the State may have the capacity to maneuver economically; something that in his opinion is tied to the possibility of generating wealth through various sources –such as oil production– which in turn depends on the relief of sanctions against the industry.
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