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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Castelló ensures that the Magisterium Fund has no state resources

Posted On 27 Sep 2014

image1“The Fund will not be managed by the Biess because we have no state resources,” said on September 26 Juan José Castelló, Executive President of the Ecuadorian Unemployment Magisterium (FCME for its Spanish acronym). This, in reference to the approved law, on second debate, by the Assembly.

With 87 votes in favor, of 114, the Plenary approved a law that seeks to transfer 54 supplementary private pension and severance funds to the Biess.

Castello said that this law refers to 95% to the funds that will be administered by the Biess because they have state contributions and insisted that the FCME have not received these contributions and that gives them a “breathing space.”

He also noted that the approved law by the Assembly leaves a “very limited” normative for funds that have not received public funds and, according to recent information from the Superintendency of Banks, these would be 11.

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