Guidelines for the Pension Institutes regarding Legislative Decree No. 754

00477

[Logo: Central Reserve Bank of El Salvador / Government of El Salvador]

OFFICE OF THE VICE PRESIDENT

June 18, 2021

SUBJECT: Agreement taken by the Standards Committee, related to the application of Legislative Decree No. 754.

Gentlemen
President of the National Institute of Pensions for Public Employees General Manager of the Pension Unit of the Salvadoran Social Security Institute President of the Salvadoran Institute of Teacher Welfare Present

Dear Sirs:

We inform you that the Standards Committee of the Central Reserve Bank of El Salvador, in relation to the reforms to the Law of the Salvadoran Institute of Teacher Welfare, contained in Legislative Decree No. 754, dated October 20, 2020, which enables the public teaching servant, the option to choose between the health regime of the Salvadoran Social Security Institute (ISSS) and the health services of the Salvadoran Institute of Teacher Welfare (ISBM), in Session No. CN-07/2021, held on June 16, 2021, agreed:

1. Issue and communicate guideline to the National Institute of Pensions for Public Employees and to the Salvadoran Social Security Institute, indicating the following:

"In the case where affiliates with the status of public teachers who are managing a pension for old age, for the enjoyment of health coverage they will have the option to choose, between the Salvadoran Social Security Institute (ISSS) and the Salvadoran Institute of Teacher Welfare (ISBM), if the teacher voluntarily decides to opt for the latter it must be reflected in the form described in the Annex of this Guideline, which can be completed physically or electronically. While the public teaching servant is in the process of granting the corresponding benefit, the Pension Institute must issue a certificate or similar document so that the affiliate can process the health benefits granted by the corresponding Institute at the ISBM. Public teaching servants already retired, who so wish, may renounce the enjoyment of health coverage at the ISSS and request that coverage be provided to them by the ISBM, for this effect they must complete the form described in the Annex of this Guideline.

The declaration of contributions withheld by the Pension Institutes must be made within ten business days following the month in which they were withheld."

Sincerely,

[Signature]
Hazel González
Secretary of the Standards Committee

[Seal: CENTRAL RESERVE BANK OF EL SALVADOR - STANDARDS COMMITTEE]

Juan Pablo II Alley and 17th Avenue North, San Salvador, El Salvador, C. A. Postal Box 106 Tel: (503) 2281- 8407 *http://www.bcr.gob.sv

*

DECLARATION OF CONTINUITY IN THE ISBM

Date / /

Gentlemen:

• INPEP □ ISSS □ IPSFA □ AFP CONFIA □ AFP CRECER
  Present,
  I
  | 1st Name | From 2nd Name | 1st Surname | 2nd Surname | Married Surname |
  |---|---|---|---|---|
  (Full name according to DUI)

Of years of age, of
(Profession)
With domicile in
(Municipality and department)

Holder of my Professional Identification Number: | | | | | | | | | | PIN With Unique Identification Document: | | | | | | | | | - | DUI and with Unique Pension Number: | | | | | | | | | | | PUN

Sincerely I request:

Based on Legislative Decree No 754 issued on October 22, 2020, which amended article 2 of the Law of the Salvadoran Institute of Teacher Welfare, in my capacity as:

CASE A - □ TEACHER IN PENSION PROCESS
CASE B - □ RETIRED TEACHER WORKING □ RETIRED TEACHER RETIRED

I DECLARE UNDER OATH: That I have voluntarily decided to receive health services at the Salvadoran Institute of Teacher Welfare and that I know that this situation implies my renunciation to the Health Regime of the Salvadoran Social Security Institute (ISSS) and the benefits that it recognizes in favor of my beneficiaries. By signing this application for declaration of will of continuity, I am renouncing the health benefits of the Social Security Institute. For this effect, I request the corresponding pension institution to withhold 7.8% from my pension, said withholdings must be remitted to the SALVADORAN INSTITUTE OF TEACHER WELFARE, in order to enjoy my right to medical and hospital care coverage through the Special Health Program administered by said Institute.

I indicate for notifications the following:
Place:

Neighborhood, canton, hamlet, residential	House No.	Street	Municipality	Department Telephone number:

Signature

[Seal: CENTRAL RESERVE BANK OF EL SALVADOR - STANDARDS COMMITTEE]