The Social Security Institute (IPS) confirmed an increase in the amount of the 2024 Winter Bonus, which would reach $77,982, which represents a significant increase compared to the $74,767 delivered the previous year.
Payment of the benefit will begin on Thursday, May 2, just after the celebration of Labor Day. The IPS will provide additional details on the process at the end of April.
Requirements to access the 2024 Winter Bonus
To receive payment, beneficiaries must meet the following requirements:
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- Be 65 years old or older as of April 30, 2024.
- Be a pensioner from the IPS, Labor Security Institute, Provident Funds or Employers’ Mutual Funds with pensions that do not exceed the minimum old-age pension for those over 75 years of age on the date of payment.
- Pensioners under the Old Age Pension System (1980) with minimum pensions guaranteed by the State.
- Recipients of the Old-Age Solidarity Pension Contribution (APSV) with amounts below the minimum old-age pension.
- Beneficiaries of the Universal Guaranteed Pension (PGU) without the right to other similar pension contributions.
- Pensioners from any pension scheme who receive the PGU and whose pensions do not exceed the minimum old-age pension for those over 75 years of age on the payment date.
Payment and inquiries
The bonus payment will be made automatically along with the May pension. Beneficiaries will be able to collect it in person at IPS branches or banking entities by simply presenting their identity card.
If you do not receive the bonus on time, despite meeting the requirements, pensioners are recommended to contact the IPS through its customer service channels:
An economic boost for pensioners
The 2024 Winter Bonus seeks to alleviate the financial burden of pensioners during the winter season, considered a time of increased spending due to the increase in the prices of energy and other basic products, as well as the increase in respiratory diseases.
More information: