Gran Misión en Amor Mayor Venezuela

About the program

The “Gran Misión en Amor Mayor Venezuela” is a social program aimed for older adults which are not a part of the Venezuelan Institute of Social Security (IVSS), and can through this program collect old age pensions equivalent to the minimum wage. The beneficiaries of this program are all adult women as of the age of 55 and all adult men as of the age of 60 years, whether they are Venezuelan or foreign, with a legal residence in the country for the past 10 years.

Country Venezuela
Home 12.13.2011
Classification Pensiones
FNS Dimension Acceso
Website http://www.ivss.gob.ve/
Objectives

Objective

  • Its aim is to ensure maximum protection, inclusion, respect, welfare and social justice for older adults, especially those living in households with incomes below the minimum wage.
  • The “Gran Misión en Amor Mayor Venezuela” is a social inclusion policy which is aimed at older adults who were unable to contribute to the Venezuelan Institute of Social Security and can now collect old age pensions, equivalent to the approved minimum wage.
  • Provide space for the elderly so that they can train and participate in cultural and socio-productive developments in the country.
Components and/or products

Pension

Every month, women over 55 and men over 60 years of age, Venezuelans or foreigners with legal residence in the country for the past 10 years, receive a pension in an amount equal to the minimum wage.

Personal development

In addition, the beneficiaries will receive: the universal right to old-age pension, access to the financial system, social tourism, recreation and a special health program.

Target population

The beneficiaries are women over the age of 55 and men over 60 , Venezuelans or foreigners with legal residence in the country for the past 10 years.

People with a disability or suffering from an illness which prevents or hinders them to fend for themselves.

Scope

Nacional

Geographical coverage Urbano
Beneficiaries

2,573,808 personas pensionadas.

Annual budget

2015: VEF 9,291,000,000

Responsible organism

Instituto Venezolano de los Seguros Sociales

Executing organism Instituto Venezolano de los Seguros Sociales
Normative framework

Decreto con Rango, Valor y Fuerza de Ley Nº 8.694: Crea la Gran Misión En Amor Mayor Venezuela.