In VenezuelaVenezuelan Social Security Agency (IVSS) provides pensions to more than five million citizens who reach a certain age or suffer an accident or illness every month. Payment for the month of November was paid on October 21 with the first month of the Christmas bonus.
It is important to note that workers in Venezuela contribute between 2% and 4% of their salary to social security, while employers deposit between 9% and 11% into employees’ accounts; Amounts are reflected in monthly payments.
When will the benefit be paid to the pensioners?
Although the IVSS has not yet announced the exact delivery date corresponding to December 2022, the deliveries due in October and November coincide with the 21st, so it is believed that the new payment will be made on that date or earlier. .
Likewise, the amount of the IVSS monthly pension is 130 bolivars, which is equivalent to 15 dollars according to the Central Bank of Venezuela (BCV).
It should be noted that Monday, November 21 is a bank holiday in Venezuela due to religious date celebrations. Banks, offices and agencies will not be open to the public on that day, as mentioned in the official 2022 calendar of the Supervisory Board of Banking Sector Institutions (SUDEBAN).
However, banks’ digital platforms will remain operational round-the-clock for people who need access to banking services and transactions, enquiries, deposits, withdrawals and payments.
Requirements for being a pensioner
All citizens who are considered for IVSS pension must cross the age limit of 60 years for males and 55 years for females as a first requirement. If you fulfill this condition, you are entitled to old age pension taking into account the following requirements:
- Minimum of 750 citations.
- Provide ID card.
- Request for Cash Benefits, Original Form 14-04 (02).
- Proof of employment, Form 14-100 for the last six years.
Likewise, with all the requirements in a folder, you should visit any of the 48 IVSS administrative offices located across the country. Where you live does not count.
What types of pensions are available for IVSS?
- Survivor’s Pension
- Disability Pension
- Old age pension
- Disability Pension.
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