He Incentive Bonus for Voluntary Retirement It is an additional bonus that is granted exclusively to public service workers when opting for retirement from work, that is, upon retirement. This benefit is supported by Law 20948 in Chile.
It is important to note that the additional bonus will only be delivered for the first time to career and contract officials, as the first requirement. In addition, it will be taxable, which means that it will not be taxable or constitute income for any legal purpose, therefore, it will not be subject to discounts as established by law.
To access this benefit of the Voluntary Retirement Incentive Bonus, the unemployed in the public sector must comply with a series of requirements. First, they must have reached or reached age 60 between July 1, 2014 and December 31, 2024 for women, and age 65 for men. Those who meet the ages mentioned before June 30, 2014 may benefit.
In addition, according to the law, officials must voluntarily resign from all the positions and hours they hold within the established deadlines. Finally, workers must comply with the requirements of seniority in public service. Regarding the amounts of the bonus, these vary according to the position and the years of service of the public servant. As a guide, the following amounts are established:
For assistants and administrators with 20 years of service or more, the approximate amount of the Incentive Bonus for Voluntary Retirement is $20,000,000. For those with 18 years and less than 20 years of service, the amount is $14,740,279. For technicians with 20 years of service or more, the approximate amount is $25,558,252. For technicians with 18 years and less than 20 years of service, the amount is $19,168,689.
