In Chili, Former public workers who meet certain criteria have the opportunity to earn a monthly income of $90,877 for life through the Post Employment Bonus. Those who seek to secure their financial future with minimal requirements have been interested in this benefit, which was created to provide financial stability in the retirement stage.
Seven requirements must be met to be eligible for this bond. First, beneficiaries must be at least 60 years old for women and 65 years old for men. Additionally, your estimated liquid pension replacement rate must be equal to or less than fifty-five percent.
In addition, it is essential to have left the position due to a suspension of employment, a voluntary resignation or an old-age pension. It is necessary for the bond, also having been a public employee before May 1, 1981.
It is needed for the bond have contributed to the previous pension system with at least one tax and have accumulated more than 20 years of service to be eligible. Beneficiaries must also be affiliated with the mandatory individual capitalization system in an AFP.
The central government, regional governments, municipalities, state universities and other public entities are some of the institutions eligible to collect this bond. The broad coverage guarantees that many former public workers can still access this lifetime subsidy. In summary, the Post-Employment Bonus provides a unique opportunity to ensure financial stability at the time of retirement, with accessible requirements for those who have worked for the public sector during their career.
