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Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy
“Cacerolazo” for Peace in Quito
Contecon will extend the free storage time by 40%, in support of the export sector affected by strikes
76.4% of Ecuadorians consider that the national strike should end after the dialogue, according to Cedatos
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Leonardo Bohrer-Nicolás Lapentti, a binomial with a sporting past that seeks to win the elections at the Guayaquil Tennis Club
Commercial sector experienced an economic blow on Father’s Day
Ecuador, among the countries that suffer the most from the war in Ukraine
Desperation in prisons is a ‘ticking time bomb’
The EU launches an initiative in Ecuador to encourage a sustainable economy

A controversy over the debt to the Social Security

Posted On 14 Mar 2017
The financial situation of the Ecuadorian Institute of Social Security (IESS) is in question. For its part, the current administration defends its actions and ensures that there are sufficient resources to cover health benefits and pensions for retirees. Detractors, meanwhile, insist that the Social Security walks to the cliff and that there are no resources to guarantee future pensions.
Presidential hopefuls Guillermo Lasso (CREO) and Lenin Moreno (PAIS) have clear their stance on this state agency with 3.1 million contributors and a population of 9.1 million beneficiaries, including retirees, active affiliates, and their dependents.
The two aspirants to the presidency agree that the IESS is a conerstone in the development of the country, but their plans differ.
Lasso is not only in favor of returning the 40 percent of the state contribution to the jubilee pensions, but rather recognizing all the debts the state has with the agency, including that of $ 2.5 billion for health care to its affiliates. To this end, he even proposes to create a fund to cover those debts.
Moreno does not speak of recognizing that contribution by law but guarantees the payment not only of that percentage but of 100 percent of the jubilee pensions if necessary. As for the debt, the government candidate says he will wait for the result of the external audit to the balance sheets the National Audit Office is conducting to issue a statement on how that issue will be resolved.

Source: http://expreso.ec/actualidad/la-deuda-con-el-seguro-social-en-controversia-NL1159852

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