IGSS pension
It is about to turn 60 and has quoted the IGSS for several years, that means that it could be closer to obtaining your old age pension. Know the requirements, benefits and key times to initiate the pension process
The IGSS grants the gait pension to the affiliates who comply with the age and minimum number of contributions, in accordance with the current regulations of the Social Security regime. (Photo, free press)
Many affiliates to Guatemalan Social Security Institute (IGSS) They wonder When is the right time to manage it and what requirements must meet.
Although there is no exact deadline to request it after stopping, it is essential to know the minimum age and contribution conditions established by the institution.
Understand how the process works, what benefits and how to improve the amount of the pension can make a big difference, either as an employee or when considering the contribution program IGSS volunteers.
Although there is no minimum or maximum period since it is left to work to make the application, it is essential to comply with certain requirements established by current regulations.
According to the IGSS, the procedure can begin once the affiliate has complied with the minimum age required and have reached the Number of minimum contribution quotasaccording to the date of registration as an affiliate.
Requirements to request the IGSS Old Pension
According to him Agreement 1492which modifies agreement 1124, to be entitled to old age pensionthe affiliate must:
- Have 60 years old.
- Have completed a Minimum number of monthly contributions to the IGSS, determined by the year he joined:
| Registration year as an affiliate | Minimal contributions required |
| Until December 31, 2010 | 180 installments |
| From January 1, 2011 to December 31, 2012 | 192 installments |
| From January 1 to May 31, 2013 | 204 installments |
| From June 1 to December 31, 2013 | 216 installments |
| From January 1 to May 31, 2014 | 228 installments |
| As of June 1, 2014 | 240 installments |
This article may also be interested: How to request the IGSS old age pension? Requirements, documents and procedure.
Is it possible to stop quoting after reaching the minimum?
A common restlessness among affiliates is if, once the minimum quotas have been completed, you can Stop paying the IGSS. The answer is No. While the worker continues to work, he is obliged to Continue to quote to the system.
However, this obligation can represent additional benefits For the affiliate.
By continuing to quote beyond the minimum required, the worker:
- Keeps active disability coverage.
- Assures its dependents Given the risk of death.
- Preserves access to medical services and health care.
- Increase the amount of your future pension.
Can you increase the amount of the pension?
The answer is yes, the IGSS regulation contemplates an economic incentive for those who quote beyond the minimum required quotas.
For each Six additional contributionsa 0.5% increase in the amount of the pension.