Monthly payments of tenths salaries will be mandatory in the public sector

Rafael Correa

The third and fourth salaries will be paid monthly to public workers on a mandatory basis, while private employees can choose if they want it to be paid each month or maintain the current payments, announced yesterday the Ecuadorian president Rafael Correa.

The proposal is part of the reforms that the regime proposes in the new Labour Code. Correa addressed the issue during a discussion with media at the North Technical University in Quito, where he explained that receiving those salaries monthly could serve as savings in any bank and at the end of the year employees may have the money but with interests and this would improve their economy.

He is also considering the possibility of the affiliation of housewives, “because it is not fair that the husband is insured and after 35 years of marriage they divorce and he receives an insurance pension, while the housewife does not receive anything.”

He explained that the proposed change of the productive matrix, seeks to export new products, develop other sectors such as basic industries, forestry, bio-fuels, among others.., by investing in energy, roads, education, technology, including building eight hydropower plants that in 2016 would enable the country to export energy. He also stressed the need to invest in mining.