He Child Bonus It is a subsidy granted by the Social Security Institute (IPS) in Chile, aimed at pensioned mothers. This benefit seeks to increase the amount of the pension, providing monthly financial support to women who meet certain requirements.
What are the general requirements to access the bonus?
To be a beneficiary of the Child Bonus, it is necessary to comply with three requirements main:
- Be 65 years old or older.
- Have resided in Chile for at least 20 years (continuous or discontinuous) from the age of 20.
- Have lived in the country for at least four of the last five years prior to applying for the benefit.
- Additionally, mothers must have had children, whether biological or adopted, to be able to access this subsidy.
In addition to the requirements In general, the beneficiaries must be in one of these situations:
- Be affiliated with an AFP and have obtained your pension as of July 1, 2009.
- Be holders of a Universal Guaranteed Pension (PGU), which allows them to continue collecting the Child Bonus even if they lose the PGU.
- Receive a Survivor Pension with Old-Age Solidarity Pension Contribution (APSV) granted by an AFP, insurance company or the IPS.
How does the bonus affect other pension benefits?
The amount of Child Bonus influences the calculation of the Old-Age Solidarity Pension Contribution (APSV). If the beneficiary receives this contribution, the amount of the bonus will be added to her pension, which may alter the amount received monthly. If you have the State Guarantee, it will be suspended while the Child Bonus funds are used, but it can be reactivated once they are exhausted.
What is the validity of the Child Bonus?
The duration of bond It varies according to the pension regime of the beneficiary. For those affiliated with an AFP, the bonus is granted until the amount accumulated in their individual capitalization account is exhausted. However, those who receive the PGU or a Survivor Pension with APSV will be able to collect this benefit for life.
