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September 23, 2024
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PGU: these are the reasons why the pension for Senior Citizens could be suspended in October

PGU: these are the reasons why the pension for Senior Citizens could be suspended in August

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.



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