Eduardo Pena, president of Advice director of the Ecuadorian Institute of Social Security (IESS), pointed out during a interview with Teleamazonas, among other things, which analyzes the increase of the contributions of the 20.6 to 30% of salary.
In the interview This Thursday, February 29, 2024, the Executive Director said that “we have to change the structure of Social Security because in recent years 90 years los Ecuadorians we have not done nothing in favor of retirements”, he indicated.
He added that from that time the structure of the social Security has not changed in the country. “90 years agowhen social security was thought about… the average life It was from 70 or 71 years old… Now it’s 83”.
In this context, he indicated that rethink how much is charged for security socialabove all because increased life expectancy.
In accordance with Peñacontributions must increase each year and start in 2024.
Likewise, the official announced that he will appear at the National Assembly the proposal so that he calculation from retirement go from about 5 years of contributions to 30 years.
Of no take is measureswhat can happen is that in two or three years they will present serious flow problems. (I)
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