In one year, the pension reserves of the Disability, Old Age and Death Fund (IVM), of the Social Security Fund (CSS) registered a drop of $814 million, revealed the director of the entity Enrique Lau Cortés, stating that the subsystem exclusive defined benefit plans have “a death sentence.
Lau Cortés stressed that the number of people who are retiring is much more than those who contribute to the system, which has weakened the finances that will guarantee retirement.
The director also referred to a meeting that he will hold with deputy Mayin Correa, to analyze the Draft Law that seeks to eliminate the share of retirees to the CSS, ensuring that the 6.25% that retirees contribute to the sickness and maternity fund is a fair amount.
“The deprivation of that income could seriously affect the finances of that fund, which is the one that provides medicines, hospitalizations, medical attention, and laboratories,” Lau pointed out.
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