He Guatemalan Social Security Institute (IGSS) states that the minimum age to access the old age pension It is from 60 yearsas long as the insured has complied with the number of contributions required according to current regulations.
This pension is an economic benefit that seeks to guarantee the support of workers who have fulfilled their active working life.
Difference between pension and retirement
IGSS authorities clarify that the institution Grant pensions and non -retirement.
According to the official definition, according to the Board of Directors, a pension It is an economic benefit that is paid monthly to a pensioner or his beneficiary with Law.
In that sense, a pensioner It is the affiliate or beneficiary that acquired this quality through resolution.
Retirement, on the other hand, is a term used in other social security regimes or private retirement systems and may have requirements and benefits other than those established by the IGSS.
Requirements to access old age pension
According to him Agreement 1492which modified the Agreement 1124the insured must meet the following conditions to obtain the pension for old age:
- Have 60 years old.
- Have made the minimum amount of Contributions to IGSS According to the following table:
- Until December 31, 2010: 180 Contributions.
- From January 1, 2011 to December 31, 2012: 192 Contributions.
- From January 1, 2013 to May 31, 2013: 204 Contributions.
- From June 1, 2013 to December 31, 2013: 216 Contributions.
- From January 1, 2014 to May 31, 2014: 228 Contributions.
- As of June 1, 2014: 240 Contributions.
It is important to note that the insured can continue to quote after complying with these requirements, which could increase the amount of the monthly pension according to the IGSS calculations.
How to calculate the amount of the pension
The IGSS calculates the pension based on the salary average of the last five years of contribution and the total number of contributions made.
The higher the reported salary and the contribution time, the greater the amount of the monthly pension.
Pension duration
He Article 18 The regulation establishes that the right to receive the pension begins when the affiliate meets the aforementioned requirements and ends with the death of the pensioner.
In some cases, the pension can be transferred to beneficiaries, such as spouses or minor children, according to the conditions stipulated by the IGSS.
For more information, it is recommended to go to the IGSS offices or visit your Official websitewhere the procedures and benefits of old age pension are detailed. It is also advisable to advise with a social security expert to solve specific doubts about your case.