The President of the National Assembly, Dana Castañeda, explained several points regarding the approval of the single text of Bill 163, expressing that a long-awaited standard is being delivered to the country that addresses the needs of the population. By decision of the Executive Body, it was presented under the condition that "it is not set in stone".
Castañeda referred to the addition of Article 156, which establishes the retirement age, which remains unchanged. Additionally, a new article was approved considering the actuarial relationship of retirement pensions for old age. It is established that by the sixth year of this reform, the Social Security Fund (CSS) must conduct actuarial studies to define the sustainability of the pension system and the programs of this entity through a public tender.
In this regard, she pointed out that the actuarial evaluation of the retirement pension for old age must be tendered in six years. This will be done through independent firms, where the actuarial studies will be corroborated to truly define the financial status of the Invalidity, Old Age, and Death program (IVM).
Article 168 of the Bill clearly states that the retirement age will not be modified. "The reference age established in this Law will remain at 57 years for women and 62 for men".
Castañeda reiterated that it is a new document, after all the debates and agreements, in which the population was heard in the quest to deliver to the country a standard that has been the most awaited of this five-year term.
The Assembly fulfills its role of delivering to the country a new bill. Out of 203 articles presented by the Executive and submitted to national consultation, it reached the plenary for its second debate with 210 articles. In the third debate, it concludes with 245 articles, of which 118 are new, 80 were modified, and 47 received changes while 9 articles were eliminated.
It is also established that independent workers will pay a contribution equivalent to 9.36% of their contributable income for the IVM program and 8.5% for voluntary contributions, destined for the Health and Maternity Risk program.
