The older adults In Chile, senior citizens have a series of economic benefits that allow them to improve their quality of life. These contributions, in the form of bonuses and subsidies, are delivered by the State and are aimed at those who meet certain requirements. During the month of August, senior citizens can access four important bonuses that provide them with additional financial support.
One of the most notable benefits is the Universal Guaranteed Pension (PGU), which is delivered monthly to people over 65 years of age. This bonus, run by the Social Security Institute (IPS), offers up to $214,296 to those who are not part of the richest 10% of the population and who meet certain residency and base pension requirements. To access the PGU, it is necessary to register in the ChileAtiende Integrated Solidarity Benefits System, where it will be evaluated whether the person qualifies to receive this contribution.
Another bonus available in August is the Recognition Bonus, an economic benefit aimed at those workers who changed from the old pension system to the current AFPs. This bonus does not require a specific application, but it is necessary to request it directly from the corresponding AFP. The amount of the bonus is added to the Individual Capitalization Account of the older adult beneficiary, thus increasing the savings accumulated for his/her retirement.
The Golden Wedding Bonus is another of the contributions that can be received by older adults This month. This bonus, which amounts to $425,360, is given to couples celebrating 50 years of marriage and who belong to 80% of the Social Registry of Households. The amount is divided equally between both spouses. Couples who turned 50 between February 2019 and August 2023 have until September 2024 to apply for this bonus, which allows for additional time due to the pandemic.
Finally, women over 65 years of age who retire can access the Child Bonus. This bond It is aimed at both biological and adoptive mothers, and the amount begins to generate returns from the date of birth of the child. The bonus is equivalent to 10% of 18 minimum monthly incomes, which represents significant support for mothers who are in retirement.
