He Social Security Institute (IPS) delivers the Child Bonus to all those women who are mothers, regardless of whether they are biological or adoptive. Depending on their pension, there are three types that can be beneficiaries, whose payments they will receive once they retire; that is, they reach 65 years of age.
The main advantage of this bonus is that it starts to generate profitability from the date of birth of the son or daughter, which means a relevant contribution to their pension savings.
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On the other hand, although the amount is not established, it is equivalent to the 10% of 18 minimum monthly income that are calculated in a certain way.
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Who can access the Child Bonus?
The State defines three types of mothers who can obtain the bonus contributions, which will be paid on the same date as their respective pension. These women are the following:
- Mothers affiliated with an AFP who obtained their pension as of July 1, 2009.
- Mothers holding a Universal Guaranteed Pension (PGU) as of July 1, 2009 (in case of losing the PGU, the Child Bonus can continue to be collected).
- Mothers who, without being affiliated with a pension scheme, receive a Survivor Pension granted by an AFP, insurance company or the IPS since July 1, 2009.
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In the case of mothers affiliated with an AFP, the bonus will be paid together with the pension until the entire bonus amount is used up. While for holders of a PGU or a Survivor Pension, the bonus is paid together with the pension. for life.
How much money does the Child Bonus provide?
Although the money is delivered along with the pension, the bonus begins to generate returns from the date of birth of your son and/or daughter, which is equivalent to 10% of 18 minimum monthly income and is calculated as follows:
- If your son or daughter was born before July 1, 2009, the minimum income in effect in July 2009 ($165 thousand) will apply.
- If you were born after July 1, 2009, the minimum income will correspond to the amount that was in effect during the month of your birth.
If the beneficiary receives an Old-Age Solidarity Pension Contribution (APSV), the amount of this benefit could be affected, since the Child Bonus increases the amount of the old-age pension (present or future) and affects the calculation of the APSV.
What is the amount that the Child Bonus delivers in July?
Considering that the minimum amount is calculated based on 10% of 18 monthly income, for beneficiaries whose children are born from this July 1 will be $900,000although the amount will be higher at the time of requesting it, due to the cost effectiveness.
This translates into a increase of $72,000 if the comparison is established with the amount in force until the beginning of the month ($828,000).
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