The Universal Guaranteed Pension (PGU) is a crucial benefit for older adults in Chile, as it improves their income after retirement. Currently, it provides an amount of $214,296 to those who have a pension equal to or less than $729,764, and a variable amount for those with pensions between $729,765 and $1,158,355. However, despite its importance, there are certain situations that could lead to the suspension of this benefit in November.
One of the main reasons why the PGU can be suspended is the non-collection of the benefit for six consecutive months. The Social Security Institute (IPS), in charge of managing the PGU, has the power to suspend the payment if it detects that the beneficiary has not withdrawn his pension in this period. In this case, the older adult You have a period of six months to request reactivation. If you do not do so, the right to receive the pension is permanently lost.
Another cause that can lead to suspension of the PGU is the failure to deliver documents requested by the IPS. If the institute requests records to prove that the beneficiary continues to meet the requirements to receive the benefit, and the beneficiary does not present them within the following three months, the pension may be suspended until the situation is regularized.
In more serious cases, the definitive extinction of the PGU can happen. The death of the beneficiary is one of the most common causes, in which case the benefit automatically expires on the last day of the month in which the person dies. Another important reason is if the beneficiary resides outside Chile for more than 180 days, continuously or discontinuously, within the same calendar year. In these cases, it is necessary to have resided in Chile for at least 270 days the previous year to maintain the benefit.
The provision of false or incomplete information in order to access or maintain the PGU It can also lead to the definitive cancellation of the benefit. The IPS carries out periodic reviews to verify that beneficiaries comply with the requirements stipulated by law. If any irregularity is detected in the records provided, the pension will be suspended and eventually terminated.
Finally, beneficiaries must keep their socioeconomic situation updated in the Social Household Registry. The PGU It is granted considering those who belong to the most vulnerable 90% of the population. If a beneficiary no longer meets this criterion, either due to changes in their economic situation or income, they will lose the right to receive the benefit.
