Millions of older adults in vulnerable situations in Chile are waiting to receive the 200,000-peso Bonus, also known as the Universal Guaranteed Pension (PGU). To determine if you are a beneficiary of this subsidy, you must meet certain requirements.
First, you must be 65 years or older and not be part of the richest 10% of the population to access the bond. In addition, you must prove a residence in Chilean territory for a period of at least 20 continuous or discontinuous years, since you turned 20 years of age. A period of not less than four years of residence in the last five years prior to the presentation of the application is also required.
If you meet the aforementioned requirements and have a base pension of less than $1,114,446, you can apply for the Bond 200,000 pesos through the ChileAtiende website, using your unique password. It is important to note that this application process is available throughout the year, including weekends and holidays.
The PGU is a social security program implemented in Chile in 2008, as part of a reform of the country’s pension system. Its objective is to ensure a minimum pension for older adults who do not have access to a sufficient pension to cover their basic needs.
The PGU seeks to provide social protection to those older adults who were unable to accumulate the necessary funds during their working lives, either due to lack of contributions or receiving a very low pension. The amount of the PGU is calculated using a formula established by current legislation and is adjusted periodically.
