The rising cost of living in Chili It has made people increasingly interested in the different state financial aid. One of them is the Pension Universal Guarantee (PGU), one of the most popular benefits among the elderly. This benefit reinforces the Solidarity Pillar and therefore the current Mixed Pension System, seeking to improve both current and future pensions.
This with the purpose of supporting people who during their working life had periods without contributions (social security gaps) or informal jobs, for which reason they could not contribute permanently. The Pension Guaranteed Universal (PGU) is a benefit that provides a monthly payment of more than $200,000 pesos to people over 65 years of age. This regardless of whether they are pensioners or not.
The requirements to access the PGU are various: being people over 65 who do not belong to the 10% of families with the highest income. You must prove residence in Chili. In addition, have a base pension of less than $1,114,446 (higher pension amount), determined by the PGU Self-Financed Reference Pension (PAFE).
If you meet the necessary requirements for the PGU, you can apply by entering the Chile Atende website, with the unique password. This is something that can be done every day of the year, including weekends and holidays. This benefit is financed by the State of Chili.
Those who have a pension base less than or equal to $702,101 per month, they will receive a PGU of $206,173. Whereas, those who have a base pension greater than $702,101, but less than $1,114,446, will receive a variable PGU according to certain calculations. One of the requirements is not to belong to the 10% more with more income of the population. Verification of this requirement is the responsibility of the IPS and for its review the Pension Targeting Instrument created by the Ministry of Labor and Social Welfare in conjunction with the Ministry of Finance and applied by the IPS to review applications is considered.
