Correa seeks to change operating system of the IESS

President Rafael Correa ordered on February 25 the accountability of the administrative management of the Ecuadorian Institute of Social Security (IESS) in the Caja del Seguro building in Quito. The appointment came during a meeting with the chairman of the entity, Victor Hugo...

Changes in the cabinet are been ‘evaluated’ according to Correa

President Rafael Correa announced yesterday that changes in the Cabinet would still be ‘evaluated.’ “We are evaluating and it is not that they have performed a bad role (ministers), but everyone responds to a certain stage,” said the President. Last...

IESS will lack liquidity this year to pay pensions, according to report

According to the report IESS-DSP-2015-001 of the Directorate of Pensions System of  January 20, the Ecuadorian Institute of Social Security (IESS) will have a deficit of USD 339.1 million this year to cover pensions and other benefits of 432 780 retirees, which could require the...

Housewifes will pay between USD 2 and 45 for access to a pension

The Ecuadorian Institute of Social Security (IESS for its Spanish acronym) has already designed the table of contributions for housewives who will access to the pension benefit. The draft project provides that pensions are financed from the state and housewife contributions....

Property Registrar of Guayaquil replies on alleged delays with Biess

Ivole Zurita, Property Registrar of Guayaquil, said that about 150 procedures of mortgages of the Bank of the Ecuadorian Institute of Social Security (Biess for its Spanish acronym), would be ready to be processed by law firms but are still waiting in the La...

Biess makes call to designate its entity Manager

The Bank of IESS (Biess) published on Friday, May 30 the convocation for the merit and opposition competition to designate the General Manager of the institution, vacant position for over ten months ago. The competition is executed by the Institute of Meritocracy. The Biess had...