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🇻🇪 Venezuela /Economy & Trade

Venezuelan social security to pay August pensions July 21

From El Nacional · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • The Venezuelan Institute of Social Security (IVSS) will pay the August pension on July 21.
  • Pensioners will receive 130 bolivars, equivalent to the minimum wage, deposited directly into their bank accounts.
  • The IVSS recommends using electronic banking for convenience and security.

The Venezuelan Institute of Social Security (IVSS) announced that the August pension payment for registered elderly citizens will be processed on Tuesday, July 21. This payment, amounting to 130 bolivars (equivalent to the current minimum wage), will be directly deposited into the bank accounts of pensioners.

The IVSS, through its social media channels, assured that this disbursement aligns with the government's commitment to retirees. The institution also advised beneficiaries to utilize electronic banking platforms to check their account balances and conduct transactions. This recommendation aims to streamline the process and minimize unnecessary trips to bank branches.

By leveraging digital channels, pensioners can verify their funds and manage their finances more efficiently and securely. This consistent monthly payment schedule underscores the IVSS's ongoing efforts to support Venezuelan pensioners.

DistantNews Editorial

Originally published by El Nacional in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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