Cordero will propose a raise of retirement age

Without specifying how many years would go up, but outlining it could be up to 65, the new director of the Social Security Institute (IESS), Fernando Cordero, announced, on assuming his new position, that he is in favor of increasing the years of work needed for retirement.

Cordero Cueva assumed his office yesterday after leaving the seat to which he was elected in the National Assembly over the ruling party (AP).

In his first presentation to the press, he asked at least for a month to soak up with the key issues, but outlined his policy, including that there is no bill of Social Security; instead he will seek a dialogue to generate the new regulatory framework.

He did not rule out a proposition of increasing the working years required for retirement. However, the changes will not affect those who are close to retirement; the required working years of 65, will not rise from one day to another, he said.

He said one of his goals is the universalization of social security, seeking to improve conditions for those who do not have access to these rights, without prejudice to those who have it.

He defended the payment made by the State of 40% of the pensions with bonds that generate a profit of 7.5% and announced that he will visit hospitals and will analyze the issue of  the call center and shifts.