Over 60s: 5 Government Aids in Subsidies, Transport, and Economic Benefits
One of the main aids for older adults is the national Colombia Mayor program Photo: iStock
TL;DR
- National programs like Colombia Mayor offer monthly financial subsidies to seniors without pensions or in extreme poverty, with higher amounts for those over 80.
- The Devolución del IVA program provides unconditional monetary transfers to compensate for the impact of VAT on the poorest households.
- Renta Ciudadana integrates various interventions that can benefit older adults in poverty, with potential transfers up to $500,000 every 45 days.
- Bogotá's Ingreso Mínimo Garantizado (IMG) offers non-conditional monetary transfers of $150,000 monthly to eligible seniors.
- Seniors over 62 in Bogotá receive free monthly transport on TransMilenio, with the number of free trips varying by socioeconomic profile.