translated from Spanish: Government announced the start of the payment of increases to the Solidarity Pillar

This day the Minister of Labor and Social Welfare, María José Zaldívar, together with the first lady, Cecilia Morel, initiated the payments of the increase in benefits of the Pilar Solidario.In a meeting with older adults in the Palace of La Mon both authorities explained the details of the increases, which are the largest fiscal effort undertaken by the Government since the creation of the Solidarity Pillar 11 years ago. Only the first year is estimated an extra tax contribution of around US$ 800 million to cover this new benefit. The Secretary of State stated that “the increase in the pensions of the beneficiaries of the Solidarity Pillar is already a reality: from today more than one and a half million Chileans, belonging to the 60% most vulnerable, will receive an increase in the benefits of the pillar solidarity they receive, either in PBS or APS, including disability.” More than 330 thousand adults over the age of 80 will receive an additional $55,101 to their Basic Solidarity Pension or the Solidarity Planned Contribution. But not only will they see an increase, but also 270,000 adults over the age of 75 to 79 will receive $33,060, and nearly one million pensioners under the age of 75 and beneficiaries of INvalidity PBS or APS will have a $27,550 increase this month, $33,060 in January 2021 and $55. 101 in January 2022,” added Zaldívar.In addition, the minister stressed that what had been done “a first major step” to improve the pensions of Chileans, but recalled that it is still lacking and that “we must make progress in improving the Contributive Pillar”. “Middle-class people have the same right as the beneficiaries of the Solidarity Pillar to see their pensions improved and that’s what we need to focus on.” It should be noted that it will favor with increases to the Basic Solidarity Pension (PBS) and the Solidarity Planned Contribution (APS) of about 1 million 600 thousand people. Thus, by January 2022, all PBS and APS beneficiaries will have obtained a 50% increase in their pensions. To this will be added the adjustment of the CPI that materializes in July of each year to all pensioners favored by the Solidarity Pillar

Original source in Spanish