The Child Bonus is a state benefit designed to increase women’s pensions, assigning a financial contribution for each child born alive or adopted. The application has no cost and is delivered along with the pension when the beneficiary reaches the required age, until the amount established by law is completed.
According to ChileAtiende, “in the case of adopted children, The bonus is generated for both the adoptive mother and the biological mother.”
What is the minimum age to access the Child Bonus?
The minimum age to receive this benefit is 65 years, as long as the legal requirements are met. Among them, different forecast situations are considered:
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Women affiliated with an AFP and who obtained a pension since July 1, 2009. If they receive the Old-Age Solidarity Pension Contribution (APSV), the amount could vary, and if it was a State Guarantee, the AFP may suspend it.
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Universal Guaranteed Pension (PGU) holders, who will continue to collect the bonus even if they lose this benefit.
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Women without affiliation to a pension scheme who receive a PGU and a Survivor Pension granted by AFP, insurance company or IPS since July 1, 2009.
What other requirements must be met
In addition to age, the beneficiary must have resided in Chile for a total of 20 years, continuous or discontinuous, from 20 years of age, and at least four years within the five years prior to the application.
How the amount of the Child Bonus is calculated
The value of the bonus is determined based on 10% of 18 Minimum Monthly Income. The applicable minimum depends on the date of birth of the child:
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For children born before July 1, 2009, the minimum income in effect in July 2009 ($165,000) is considered.
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For children born after that date, the minimum income in effect during the month of their birth is used.
This benefit reinforces the economic security of women when they reach old age and recognizes both biological and adoptive motherhood, contributing to improving the pension of those who meet the established requirements.
