The Universal Guaranteed Pension (PGU) is a benefit granted by the Chilean State to senior citizens to improve their retirement income. This subsidy currently provides an amount of $214,296 to those who have a pension equal to or less than $729,764 per month, and in some cases, a variable amount if the pension is between $729,765 and $1,158,355. Although the PGU is universal for the most vulnerable 90% of the population, there are certain reasons why beneficiaries could lose this support in October.
One of the main reasons why the PGU could have a suspension This is the non-payment of the benefit for six consecutive months. If a beneficiary does not withdraw his or her pension within this period, the Social Security Institute (IPS) is authorized to suspend payment. In these cases, the person has a period of six months to request the reactivation of the benefit. Failure to do so could result in the right to the pension being permanently extinguished.
Another cause that can lead to suspension This is the failure to submit the required documents to prove compliance with the requirements necessary to receive the PGU. Beneficiaries have a period of three months from the date of the IPS request to submit this documentation. If this procedure is not completed within the stipulated time, the benefit will be suspended until the documents are submitted and evaluated.
The definitive termination of the PGU can occur in more serious cases. One of the most common scenarios is the death of the beneficiary, in which case the pension is automatically terminated on the last day of the month of death. Another reason is residence outside Chile for a period of more than 180 days, either continuously or discontinuously within the same calendar year. In this case, the person must have a period of residence in Chile of at least 270 days in the year prior to the new application.
Providing incorrect, incomplete or false information in order to access or maintain the benefit is also a cause for termination of the PGU. The IPS conducts periodic reviews to ensure that beneficiaries meet the requirements established by law. If it is discovered that the information provided is not true, the pension will be permanently cancelled.
Finally, it is important to highlight that the PGU It is delivered with a targeted approach. This means that if a beneficiary stops belonging to the most vulnerable 90% of the population and becomes part of the richest 10% of the country, he or she will lose the right to receive the pension. Therefore, it is crucial that beneficiaries keep their information updated in the Social Household Registry, since this document is key to determining the continuity of the benefit.
