He Post-employment bonus In Chile, this is a state benefit designed to support former public sector employees who have reached retirement age. This bonus provides a lifetime monthly payment of $90,877 and is aimed at women aged 60 or older and men aged 65 or older. Receipt of this benefit is subject to approval by the management of the applicant’s former workplace, and the application must be submitted within one year of reaching legal retirement age.
To apply for the Post-employment bonusit is necessary to contact the appropriate person in the institution where the employer worked and submit a formal application. It is essential that the employer is included in the specified list of eligible entities. These institutions include various central government entities, regional governments, municipalities, state universities, and other public bodies.
The requirements The requirements for accessing this benefit are specific. First, it is necessary to have been a public employee under any modality (plant, contract, or Labor Code) at the time of requesting the benefit. In addition, it is a requirement to have paid into an AFP in Chile. An important point is to have worked in central government entities or similar before May 1, 1981, with at least one contribution in the old pension system.
In addition, to be eligible, the applicant must have ceased his or her position due to suspension of employment, voluntary resignation or upon obtaining an old-age pension. Another crucial requirement is to have an estimated net replacement rate equal to or less than 55%. This requirement ensures that the benefit reaches those who really need it and whose pensions do not reach levels sufficient to support them.
The accumulation of more than 20 years of service, whether continuous or discontinuous, in any of the aforementioned institutions is another of the requirementsThis requirement reflects the State’s recognition of the dedication and long-term service of these public employees. It is important to meet all of these requirements in order to benefit from this lifetime financial support.
