Severance Fund members are prepared to dialogue with Correa

Although is not yet confirmed that the representatives of pension funds, whose administration would be tranferred to the Bank of the Ecuadorian Institute of Social Security (Biess for its Spanish acronym) will be received on Monday, August 15 by President Rafael Correa in...

Severance Fund assets add more than $ 431 million

The assets managed by the Severance Fund of the Ecuadorian Teacher’s Staff (FCME for its Spanish acronym) add up $ 431’410 201.98, explained on August 31 Juan José Castelló, President of the guild, during the Assembly of teachers held in Guayaquil. Castelló explained...

Teachers ensure that their funds are private and not of the State

Alianza PAIS (AP) insists that the Funds of the Teacher´s Staff belongs to the list of the 54 that received state money, arguing that when they obtained $ 60 million of additional severance payments, the 2% of that value was of the teachers and 1% of employer; ie the State. But...