FCME does not rule bank creation with pension funds

The president of the Unemployment Fund for Teachers (FCME) Juan José Castelló yesterday inaugurated the Special Meeting of this entity and did not rule out the creation of a Bank of the Teacher. “It’s an issue that we will discuss in due course, but not a simple...

Transfer of funds to Biess is being processed

The Superintendency of Banks will carry out audits in the next six months to 54 pension funds to define the state percentage (employer) and the private (participants) of each, and thus determine the amount that would go to the Bank of the Ecuadorian Institute of Social Security...

Pension fund managers will meet with Correa

Managers of pension funds will meet with President Rafael Correa at the Palace of Carondelet, next Monday, at 10:00. This was reported by Juan José Castelló, president of the Unemployment Fund for Teachers (FCME), at a press conference jointly with the administrators of four...

The President of Teacher´s Staff Severance funds denies irregularities in funds management

The President of the Ecuadorian Teacher´s Staff Severance Funds (FCME for its Spanish acronym) Juan José Castelló, denied that there have been deposits of public purse in the constitution of these savings. These statements were made ​​after President Rafael Correa justified in...