This Friday, May 19, the Venezuelan Institute of Social Security (IVSS) will deposit the amount of pensions corresponding to the month of June.
Notice issued by Venezuelan Institute of Social Security The IVSS, in a message published through its account on the social network Twitter, indicates that “the amount of the pension corresponding to the month of June will be paid to their bank accounts.”
“We inform all our pensioners in the Homeland that tomorrow #19May, the amount of pension corresponding to the month of June will be paid into their bank accounts. We invite you to use electronic banking!”, the institute tweeted published.
The money paid into the bank accounts of pensioners will be based on the minimum wage established in the Official Gazette.
IVSS invites pensioners to use electronic banking.
$20 indexed for pensioners
It should be remembered that Nicolás Maduro, the President of the Republic, readjusted the Economic War Bond to $30, and following this announcement, the Minister of Labor, Francisco Torrealba, divided the amount to be given to retirees from public administration and pensioners.
According to Minister Torrealba, retirees from the public administration will receive a total of $49 a month in addition to their salaries, while pensioners will receive their pension plus $20. In both cases, the amount will be indexed to the official exchange rate to avoid loss of purchasing power.
Government committed to the elderly
The national government, led by Nicolás Maduro, President of the Republic, continues to guarantee pension payments for older adults despite the country’s blockade and economic sanctions.
