The Universal Guaranteed Pension (PGU) represents one of the main sources of income for seniors. Once you turn 65, you can apply for this benefit, which currently amounts to $206,173 per month. However, it is crucial to know the reasons why you could lose this benefit temporarily or permanently, in order to take the necessary measures and avoid inconveniences.
There are several causes that can lead to suspension of the PGU. One of the most common is staying outside the country for more than 180 days in a year. The PGU is designed to support the most vulnerable residents in Chile, so the beneficiary is required to maintain their residence in the country. If you spend more than half a year abroad, the payment of the benefit is suspended. However, you can request its reactivation after residing for 270 consecutive days in Chile.
Another reason for the suspension The PGU is not to collect the benefit for six consecutive months. This benefit is funded with state resources and has a strong social focus. If the State observes that you have not collected your PGU for a full semester, it can interpret that you no longer need the financial support and suspend it. You have the option to request reactivation within six months of the suspension, but if you do not do so, you could lose it permanently.
In addition, the IPS periodically evaluates whether you continue to meet the requirements to receive the PGUIf any inconsistencies are detected, you will be asked to submit the necessary documentation to prove your right to the benefit. If you do not submit these documents within three months of the application, you may stop receiving the pension.
Providing incorrect or falsified information may result in the loss of the PGUIf you submit false or incomplete information when applying, such as altering the amount of your Old Age Pension, the IPS may suspend your benefit. In addition, you could face the obligation to return the money received and possible legal action for fraud. Finally, if you belong to the richest 10% of the population, you could also lose the PGU. The IPS carries out periodic evaluations and, if it determines that your income exceeds the established threshold, the benefit will be suspended.
