The Universal Guaranteed Pension (PGU) is one of the main economic subsidies for older adults in Chile. However, there are certain circumstances in which this benefit may be suspended. The PGU, which replaces the Basic Solidarity Old-Age Pension and the Solidarity Pension Contribution, delivers $214,000 per month to those who meet the established requirements. Although this help is of great relevance for many, it is important to take into account the reasons that may lead to stopping receiving it.
One of the reasons why you could lose access to the PGU is if you do not collect the benefit for six consecutive months. If a beneficiary does not withdraw the corresponding money in that period, the Social Security Institute (IPS) can suspend the pay. This period is considered a prudent time for the user to use their pension.
Another situation that can lead to suspension of the PGU is not providing the background information required by the IPS. Periodically, the entity requests information to verify that the necessary conditions to receive the pension continue to be met. Failure to submit the documentation in a timely manner may result in the suspension of the subsidy, since updating the data is essential to guarantee compliance with the requirements.
The fact of staying outside the country for more than 180 days, continuously or discontinuously, during a calendar year is also grounds for suspension of the PGU. This condition is established to ensure that the beneficiary continues to reside in Chile, since the pension is designed to support those who live in the country stably. Exceeding this time limit outside the territory may result in the temporary or permanent loss of the pension.
Another reason why you could stop receiving the PGU is the delivery of erroneous, incomplete or false information. If the IPS detects that incorrect data has been provided, it may suspend the pay of the pension. This is a key point, since it seeks to ensure that the benefit reaches those who really need it and meet the required conditions.
Finally, failure to comply with requirement Targeting may also be a cause for suspension. This requirement establishes that the beneficiary must not belong to the richest 10% of the population. If a person stops meeting this criterion, either due to an increase in income or changes in their socioeconomic situation, they could lose the right to receive the PGU.
