Pension for the peasant will be increased
The Ecuadorian Social Security Institute (IESS) is working to increase the pension of the Social Security Campesino from USD 63.28 to 100 per month for this year.
The President of the IESS Board of Directors, Richard Espinosa, met yesterday, October 3, 2017, with the President and authorities of the cabinet to present a report on the situation of Social Security and a proposal to increase the retirement pension by old age and disability of pensioners of the Social Security Campesino.
“In the next few days we will send the bill reform bill to the President so that he can send it to the National Assembly,” said Espinosa, who is the Executive’s representative to Social Security.
The annual income of the Social Security Campesino reaches USD 300 million and is one of four funds that does not present actuarial deficit, according to data of the report made by Actuaria Consultores in 2010. This document is the only one that is public. (I)