Venezuelan Acting President Announces Minimum Salary, Pension Increase
Delcy Rodríguez urged the formalization of employment in the country to ensure that the working class has the protection of the state and the law. Photo: Venezuelan Presidential Press.
April 30, 2026 Hour: 7:14 pm
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Venezuela’s Acting President Delcy Rodríguez announced today a significant integrated minimum income and a 40% pension increase.
The measures, delivered during the closing of the Grand National Pilgrimage, aim to protect workers and seniors amidst the nation’s ongoing economic recovery and rebirth.
The adjustment, which Rodríguez described as the most important increase in recent years, will take effect retroactively from the date of the announcement.
RELATED: Venezuela’s Anti-Sanctions Pilgrimage to Conclude in Caracas
Coinciding with International Workers’ Day, Rodríguez also confirmed that pensions for senior citizens have been set with a substantial 40% increase designed to enhance their living standards and purchasing power within the country’s economy.
This salary measure emerged following the signing of an agreement at the labor and social consensus table, where various stakeholders, including trade unions, opposition sectors and the business community, participated. Rodríguez specifically urged the private sector to respect and apply this new minimum income, particularly if their current salaries fall below the newly established threshold, emphasizing the Government’s commitment to fair labor practices.
The Acting President further called for the formalization of employment across the nation to ensure that the working class receives the full protection of the State and the law. Rodríguez highlighted that low levels of labor formalization directly lead to distortions in income distribution and negatively impact the pension system, underscoring the necessity of a structured and compliant labor market.
In this context, she requested the labor and social consensus table to expedite the drafting of a collective bargaining agreement. This crucial legal instrument is intended to foster economic growth while simultaneously safeguarding the social benefits of Venezuelan workers.
Economy Moves Forward
Delcy Rodríguez characterized the current period as the “rebirth of Venezuela”, asserting that the nation has overcome what she termed a “lost decade” resulting from unilateral external sanctions. In this sense, the Government’s strategic projection aims to guarantee the nation’s full development with a clear vision set between the years 2030 and 2050, focusing on sustainable economic and social progress.
As part of this comprehensive process, the Acting President reiterated her call for Venezuelan youth residing abroad to return to the country and contribute to its productive apparatus. She announced that, starting this Friday, she would host talented young individuals who have decided to return home at Miraflores Palace, where they will be integrated into the nation’s new economic cycle.
In a move to strengthen social programs, the creation of a professional and academic recognition bonus targeting strategic sectors was also announced. Furthermore, to enhance care for pensioners, comprehensive care brigades will be formed. These brigades will comprise members from the National Nutrition Institute, community doctors and volunteers from the Great Venezuela Youth Mission, who will conduct house-to-house visits and equip physical rehabilitation rooms, ensuring holistic support for the elderly population.
From an economic perspective, the Acting President highlighted the significant recovery in oil production, which currently stands at 1,200,000 barrels daily. The country projects to conclude the year with a robust production of 1,400,000 barrels, signaling a strong rebound in a vital sector of the Venezuelan economy. This recovery is central to the nation’s broader economic stabilization and growth strategy, demonstrating resilience against external pressures and a focus on internal development.
Author: Laura V. Mor
Source: Venezuelan Presidential Press
