The Assembly approved a project that reforms article 1 of the Social Security Law so that the information is published during the first month of each year.
With the unanimous vote of the entire plenary of the Assembly, that is, 133 legislators present, a reform to article 1 of the Social Security Law. With this reform, the Ecuadorian Social Security Institute (IESS) will be obliged to make transparent his financial situation through the periodic publication of all the indicators related to administrative, financial, social security and health management.
The reservation of information will not apply to the contributors. The draft Once approved, it will be sent to the Executive so that within 30 days it can present its observations or order its publication in the Official Registry.
Specifically, the IESS and the entities owned by them must publish their financial statements, including their balance sheets and actuarial calculations, during the first 30 days of each fiscal year.
In addition, the entity will be obliged to give public access to the accounting, books, correspondence, files or supporting documents of its operations, electronically and physically updated, without any limitation for all contributors to the entity. Social Security.
This January 20, 2022, the second and definitive debate of an initiative that was presented by former legislator Roberto Gómez in 2020 during the previous legislature was held.
At the time, Gómez said that the workers deserve to know the real situation of the IESS, and clarified that it is not proposed to open the individual and private information of each member, but of the institution in general.
This institution, and particularly its pension fund, is going through a complicated situation. Political maneuvering has caused a deficit that will continue to grow in the coming years if structural changes are not made to the system.
In addition, the economic crisis, derived from the COVID-19 pandemic, seriously reduced the number of affiliates. This situation has resulted in having to continue spending savings in order to continue paying benefits and pensions. (JS)
