This week there was an important moment in the National Congress of Chile, where the deputies approved the project to comply with tax obligations. This advance is part of the Fiscal Pact promoted by the Government of Gabriel Boric, and after its approval, the project moves to its third process in the Executive, where it is expected to become law. This news is particularly significant for older adultssince it opens the door to improvements in the Universal Guaranteed Pension (PGU), a key benefit for your economic well-being.
The project seeks to increase tax collection to finance two fundamental areas: the increase in PGU to $250 thousand and the strengthening of public security. The increase in the pension will guarantee that more older adults can access a better quality of life, with a projection that 166 thousand additional people will be added to the benefit coverage between now and 2030.
Currently, the PGU It already benefits more than 2 million people in Chile, and this new increase is expected to have an even greater impact. The project contemplates that the next official pension readjustment will be on February 1, 2025, at which time the current amount of $217,296 will be adjusted according to the 2024 annual CPI. This increase will not only be economic aid, but will It also symbolizes the State’s commitment to protecting and improving the living conditions of retirees.
In addition to the increase in PGUthe project also contemplates a significant investment in public security, with an increase of 40% compared to 2022. This will strengthen crime prevention, combat organized crime and ensure a more efficient functioning of the justice system. This comprehensive approach seeks not only to improve the economic conditions of older adults, but also to provide them with greater security and protection in their daily lives.
Although the project is still yet to be officially enacted, progress in Congress has generated a feeling of hope among the beneficiaries of the PGU. The proposed improvements not only represent financial relief for seniors, but also a promise of a more stable and secure future for all. As the project progresses, the Government is expected to announce new details about the next steps and how these improvements will be implemented in the coming months.
