IVSS Announces Early November Pension Payment of 130 Bolívares
The Instituto Venezolano de los Seguros Sociales announced a pension payment of 130 bolívares for November, matching the countrys minimum wage amid ongoing economic challenges.
- On October 22, 2023, the Instituto Venezolano de los Seguros Sociales confirmed the upcoming pension deposit for November, crucial for many retirees in Venezuela.
- The pension amount of 130 bolívares is equivalent to the current minimum wage in Venezuela, highlighting the economic difficulties faced by pensioners.
- This announcement comes as inflation and economic instability continue to affect the purchasing power of Venezuelans, including retirees reliant on pensions.
Why It Matters
This development underscores the ongoing economic crisis in Venezuela, where low pensions reflect broader issues of inflation and poverty. The connection between pension amounts and the minimum wage illustrates the struggles of the elderly population in accessing basic needs.