120 a los 65: Programa Especial de Transferencia Económica a los Adultos Mayores (120 to 65: Special programme of economic assistance for the elderly)
Basic Information
Country
Geographic area
Institutions and agencies involved
Programme type
Population group
Elderly persons
Programme Details
Programme objectives
It is a special program of cash transfers to the elderly (men and women) consisting in the delivery of 100 balboas for persons who are age 65 or older, without retirement or pension.
Programme components
i) Bono (Bonus). The elderly that receive the transfer from Opportunities Network or receive the Social Welfare Fund, will be transferred to the Programme "120 a los 65".Since 2013 the survey for older adults in vulnerability conditions is used to select new beneficiaries for the programme.
Conditionalities (if any)
Health: Health check ups attendance.
Others: participation in counseling activities and medical orientation.
Sanctions: Suspension of the benefit in case of use of money in gambling, alcohol, drugs and narcotics.
Coverage
Effective: 125.576 (2018) - 26% of population 60 and over(2018).
Programme expenditure
USS$: 182,141,930 - 0,28% of GDP (2018)
Targeting and eligiblity
Targeting methods
Categorical Targeting
Geographical Targeting
Eligibility criteria
Elderly 65 year or older, without retirement or pension.
Residence in the country.
Coverage and other information
Benefit delivery mechanism
Cash delivery/withdrawal or Debit card "Tarjeta Clave Social".
Benefit recipients
Monitoring and evaluation mechanisms and frequency
The Vulnerability Census by the Opportunities Network, voluntary registration at MIDES offices, Community Boards and Social Security Fund.
Registry of recipients: Active beneficiaries registry.
Legal Framework
Law 44 (2009), Law 86 (2010)Resolution No 225 (2013); Law 673 (2014).
