It is commonly believed that the Universal Guaranteed Pension or PGU is a benefit given to those who are retired in Chile.
The financial aid has been operated by the Social Security Institute since 2022, when it was established in our country to replace the Basic Solidarity Pension for the Elderly (PBSV) and the Solidarity Pension Contribution for the Elderly (Solidarity Pillar).
How to access the Universal Guaranteed Pension?
Although in its bases The Universal Guaranteed Pension works as a complement to the pensionand even amounts are established that vary depending on that figure, the truth is that The main requirement is that people are 65 years of age or older.
In many cases, older adults must continue working when they reach that age due to the low pensions they will receive when they retire. In this regard, the IPS assures that it is not a requirement to have retired.
However, to access the economic benefit, the following requirements must be met.
-Not integrating the richest 10% of the population, which is accredited by the Social Household Registry (RSH) score, together with the income and needs of the applicants’ family group.
-Prove residence in Chilean territory. Access is granted after having lived 20 continuous or discontinuous years, after turning 20 years of age, and having lived at least 4 years in Chile in the last 5.
-Have a base pension less than $1,158,355made up of the sum of the Self-Financing Pension (PAFE), calculated by the AFP, together with the other pensions you receive.
The PGU can be requested every day of the year at this linkwhere You will need to have a unique code to carry out the procedure.
In addition, it can be requested through a video consultation on the ChileAtiende website or at www.ips.gob.cl/sucursal-virtualor in their respective physical branches. It can also be done in municipalities, AFPs or insurance companies, if they are affiliated with one.
What are the amounts of the PGU?
The amount that pensioners will receive through the PGU, It will depend on how much money they get month to month for their pension.In this regard, ChileAtiende details the following:
-If the person receives a base pension less than or equal to $729,764, The amount of the PGU is $214,296.
-If the base pension is $729,765 to $1,158,355, the PGU figure varies.
It is worth noting that The figure is updated in February through the readjustment of the Consumer Price Index. So there could be changes in that month of 2025.
