A worker may receive benefits prior to the regular retirement age under the following
conditions:
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•
the worker's individual account balance must be sufficient to fund a benefit equal
to or greater than 50% of the average of the worker's covered wages (adjusted for
inflation) in the 10 years prior to the month of application; and
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•
the worker's individual account balance must also be sufficient to fund a benefit
equal to or greater than 110% of the minimum retirement benefit in effect at the date
of application.
NOTE: When the applicant files for benefits prior to attaining full retirement age, Chile
considers this as an application for early retirement benefits, which results in a
permanent reduction of the benefit amount. If the applicant does not file for early
retirement, the applicant should file for retirement benefits as close to full retirement
age as possible.