IVSS to Deposit November Pension of 130 Bolívares on October 22
The Instituto Venezolano de los Seguros Sociales announced that it will deposit the November pension of 130 bolívares on October 22, matching the minimum wage in Venezuela.
- On October 22, 2023, the Instituto Venezolano de los Seguros Sociales will deposit pensions for November, amounting to 130 bolívares, aligning with the current minimum wage.
- This pension amount of 130 bolívares reflects the economic conditions in Venezuela, where the minimum wage has remained stagnant amidst high inflation and economic instability.
- The announcement by the Instituto Venezolano de los Seguros Sociales comes as many Venezuelans rely on these funds for basic living expenses amid ongoing financial challenges.
Por Qué Es Relevante
This event highlights the precarious economic situation in Venezuela, where pensions are equivalent to the minimum wage, underscoring the struggles faced by retirees and the general populace in a hyperinflationary environment.