2023-05-18 05:14:56
In Venezuelathe pension payments that come from the Venezuelan Institute of Social Security (IVSS) are mostly carried out at the end of the month and correspond to the following month. This is how the May 2023 pensions were paid from April 21.
HOW MUCH IS THE AMOUNT THAT WILL BE DELIVERED TO IVSS PENSIONERS?
The basic amount of the pension that is given to retirees does not change and remains at 130 bolivars (US$ 5.19, at the dollar exchange rate), since the minimum wage in Venezuela has not been modified up to now.
However, the Minister of Labor of Venezuela, Francisco Torrealba, indicated through his official Twitter account that all pensioners who are registered in the Patria System and receive the Economic War Bond may add US$ to their monthly income. 20, increasing the amount to be received to USS 25 in total, that is, regarding 625 bolivars.
WHO CAN ACCESS THE IVSS PENSION?
The pension is generally collected by any older adult who requests it for old age in the IVSS, following having reached 60 years of age in the case of men or 55 years of age in the case of women. Although you must meet these requirements:
- Minimum 750 weekly contributions.
- Present identity card.
- Request for Cash Benefits, form 14-04.
- Proof of work, form 14-100 of the last 6 years worked.
It is important to remember that the insured person who does not have the minimum weekly contributions accredited to be entitled to an old-age pension may, at their option, wait when they meet this requirement or immediately obtain a single compensation equivalent to 10% of the sum of the salaries corresponding to the contributions that have been accredited.
HOW TO KNOW ABOUT THE IVSS PENSION?
The insured will have to enter the IVSS website and then go to the “Queries” section and click on ‘pensioners’. Then, write your ID number and date of birth. After that, click on ‘consult’, and the system will show you the status and amount of the pension, adjustment, approval, debt and among other details.
On the other hand, to take into account the Venezuelan pension system, workers manage to contribute between 2% and 4% of their salary to Social Security and employers pay, on behalf of workers, between 9% and 11% additional .
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