RegAlertRule · BCR · 30 Dec 2022 · NSP-66
Technical Norms for Transfer Procedures Between Pension Fund Administrators
Affiliates with at least twelve monthly contributions in the same AFP and definitive pensions may transfer within thirty days of Superintendence authorization. Destination AFPs must sign contracts within seven business days of confirmation, effective the first day of the following month. By the fifth business day of the effective month, AFPs establish balance transfer plans, with net debtors paying net creditors via electronic transfer. Origin AFPs must safeguard files and notify the Superintendence of delays, while voided transfers require returning CIAP balances and HL files.
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
THE COMMITTEE OF NORMS OF THE CENTRAL BANK OF RESERVE OF EL SALVADOR,
CONSIDERING:
I. That by Legislative Decree No. 614, of December 20, 2022, published in Official Journal No. 241, Volume No. 437, of December 21 of the same year, the Comprehensive Law of the Pension System was issued.
II. That in accordance with Article 12 of the Comprehensive Law of the Pension System, affiliates may transfer from one Administrator to another, establishing the conditions under which such transfers will be carried out, as well as the corresponding transfer of resources.
III. That Article 159 of the Comprehensive Law of the Pension System establishes that the Central Bank of Reserve of El Salvador will issue the necessary Technical Norms that allow the development of what is established in the aforementioned Law.
THEREFORE,
by virtue of the regulatory powers conferred upon it by Article 99 of the Law on Supervision and Regulation of the Financial System,
AGREES to issue the following:
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS
TITLE I
GENERAL PROVISIONS
UNIQUE CHAPTER
OBJECT, SUBJECTS AND TERMS
Object
Art. 1.- The object of these Norms is to establish the procedures for the transfer of affiliates between Pension Fund Administrators.
Subjects
Art. 2.- The subjects obliged to comply with the provisions established in these Norms are the Pension Fund Administrators.
Terms
Art. 3.- For the purposes of these Norms, the terms indicated below have the following meaning:
a) Accreditation: Process by which the Pension Fund Administrator carries out the correct crediting and proportional assignment of the affiliate's contribution in their Individual Savings Account for Pensions and in the record of the corresponding Solidarity Guarantee Account; b) Affiliate: Any person who maintains a relationship with a Pension Fund Administrator, through the signing of an affiliation contract. For the case of these Norms, regarding the topic of Transfers, it will be understood as Non-Pensioned Affiliate; c) AFP: Pension Fund Administrator; d) Destination AFP: That AFP to which the affiliate wishes to transfer; e) Origin AFP: That AFP in which the affiliate is located at the moment they request the transfer; f) Agent: Pension Services Agent; g) Central Bank: Central Bank of Reserve of El Salvador; h) CGS: Solidarity Guarantee Account in accordance with Article 116-A of the Law on the Pension Savings System; i) CIAP: Individual Savings Account for Pensions; j) CIAP in liquidation: Temporary status placed on the CIAP of an outgoing affiliate in the Origin AFP, between the day the transfer becomes effective with the Destination AFP and the transfer of the funds corresponding to the CIAP balance; k) Compensation: Process by which the net monetary balances to be transferred between AFPs are determined, for concepts of affiliate transfers. This compensation will be carried out for each Pension Fund in which the affiliate contributed; l) Contract: It is the physical or electronic document that establishes the legal relationship between a natural person and an AFP by affiliation and/or transfer; m) CT: Transfer Certificate or value equivalent to this; n) CUA: Unique Agent Code; o) Days: When used for a term, it shall be understood that it refers to calendar days; p) Identity Document: It may be the Unique Identity Document, Minor's ID Card, Passport or Resident's ID Card, as applicable; q) DUI: Unique Identity Document; r) HL: Labor History; s) Pension Institutions: Pension Fund Administrator, Salvadoran Social Security Institute and Salvadoran Pension Institute; t) INPEP: National Institute of Pensions for Public Employees; u) ISSS: Salvadoran Social Security Institute;
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
v) SP Law: Comprehensive Law of the Pension System; w) Month of transfer confirmation: Month in which the Origin AFP confirms to the Destination AFP that the transfer proceeds; x) Month of transfer effective date: Month in which the contractual relationship begins between the affiliate and the Destination AFP; y) INPEP Affiliation Number: Number granted by the National Institute of Pensions for Public Employees to its affiliates, prior to the entry into force of the Law Creating the Salvadoran Pension Institute; z) Backlog: Pension contribution of a worker, paid to an AFP different from the one they are or were affiliated with. It may correspond to one AFP the commission and to another the contribution or both, depending on the month the contribution accrued; aa) SP: Pension System; and bb) Superintendence: Superintendence of the Financial System.
TITLE II
ON TRANSFER BETWEEN PENSION FUND ADMINISTRATORS
CHAPTER I
PROCEDURES
Art. 4.- The transfer of an affiliate is generated when they decide to transfer the balance and administration of their CIAP and the information record of the CGS to an AFP different from the one they are affiliated with at the moment of making the decision to transfer.
On transfer between AFPs
Art. 5.- The affiliate may transfer from one AFP to another, in the following cases:
a) When they have made at least twelve monthly contributions in the same AFP; b) When the AFP breaches the affiliation contract, for which the affiliate must file a complaint with the Superintendence, describing the situations that, in their opinion, constitute breach of contract, attaching relevant evidence. The Superintendence will issue a resolution notifying the interested party of the decision; if it resolves the complaint favorably, the transfer to the Destination AFP will proceed in accordance with the provisions of these Norms. After the resolution authorizing the transfer is notified, the affiliate may request it within a term of thirty days, for which they must present, prior to signing the transfer request and contract, the notification from the Superintendence authorizing them to transfer. A copy of the notification will be archived with the copy of the transfer request, so that the Destination AFP incorporates it into the affiliate's processing documentation; or c) In the event of the merger or dissolution of the Origin AFP. (1)
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
Art. 6.- In the case of transfer of survivors' pension beneficiaries, they may transfer between AFPs only when there is a unanimous agreement among adult beneficiaries. This agreement must be manifested through a letter signed by the adult beneficiaries and authenticated by a Notary, which will be attached to the respective transfer request form. In this letter, one of the beneficiaries or legal representatives will be chosen to be in charge of signing the request form and the contract. If it concerns the spouse or life partner of the deceased with minor children, or if there is only one beneficiary, the letter will not be necessary. Beneficiaries may only transfer when the pension is definitive; that is, they cannot do so while receiving preliminary pensions.
On the transfer
Art. 7.- The transfer of affiliates or beneficiaries will proceed when one of the causes established in Articles 5 or 6 of these Norms is met, as applicable, for which the following must be done:
a) The AFPs will make available to affiliates or beneficiaries, through their website, their agencies, or through their pension agents, information on the transfer process from one AFP to another, and the request form, in which the information required in Annex No. 1 of these Norms must be captured; b) The affiliate or beneficiary must review the request and sign it; c) Upon signing the transfer request, the respective contract, contained in the same form, must also be signed, attaching a copy of the identity document and a copy of the document proving affiliation with the ISSS or INPEP, as applicable. In the case of foreigners residing in the country, a copy of their resident card or passport will be attached, and in the case of minors, a copy of their minor's ID card will be attached; d) In the event that errors are detected in the information contained in the form after the submission of the request, the agent must contact the affiliate or beneficiary to correct them, noting this in the observations box; e) No later than three business days after the transfer request is signed, the Destination AFP will transfer to the Origin AFP the information of the affiliates or beneficiaries who signed the transfer request, in accordance with what is established in Annex No. 3 of these Norms; f) The Origin AFP must ensure that the information recorded in the electronic file received from the Destination AFP matches that contained in its database. In cases where the information of the affiliate or beneficiary is not concordant, the Origin AFP will have a maximum of fifteen days to achieve the update of the information, during which period, the transfer request will remain suspended until said process is completed;
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
g) If after the signing of the request and the respective contract and before the transfer of the affiliate becomes effective, the Origin AFP has knowledge that the applicant has died, it must inform the Destination AFP of such situation, and the transfer will become void; h) If the affiliate or beneficiary withdraws their intention to transfer prior to the transfer becoming effective, they must manifest this in writing with the minimum information detailed in Annex No. 2 and sign said request; i) The Origin AFP must send daily to the Destination AFP, on business days, via electronic files, the information detailed in Annex No. 3 of these Norms, regarding the following: (1)
i. Request for Confirmation of Affiliate Transfer;
ii. Request for Confirmation of Beneficiary Transfer;
iii. Detail of Survivors' Pension Beneficiaries;
iv. Result of the comparison of data contained in the transfer request;
v. The transfer requests deemed inappropriate because the affiliates or beneficiaries do not meet the requirements to transfer;
vi. Detail of affiliates or beneficiaries who filled out the form to cancel the transfer process; and
vii. Detail of confirmed transfers, to which the change of information was finalized.
j) The Destination AFP, through its legal representative or the executive designated by the Board of Directors for such purposes, within a term of seven business days, subsequent to the confirmation of the transfer, will sign the contracts of all approved requests, specifying that they will become effective on the first day of the month following the date of the Transfer Request; afterwards, it must deliver copies of the contract to their respective recipients within an additional term of seven business days. In case of more than one employer, it will inform each of them about the matter; k) On the date the transfer becomes effective, the Destination AFP will open a CIAP and a record of the CGS, in favor of the affiliate, in anticipation of receiving the funds and all the information from the records of contributions that have been made to the CGS on behalf of said affiliate, from the Origin AFP; and l) The Destination AFP will have five business days from the date of receiving the information from the Origin AFP to create the HL file of the affiliate, including in it a copy of the transfer request and respective contract.
Art. 8.- Other special considerations within the transfer process are the following:
a) If the agent processing the request is under investigation and by agreement of the Board of Directors of the AFP, an accredited agent has been designated to them, both agents will sign the transfer request form;
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
b) Without prejudice to the obligation to deliver a copy of the contract to the employer(s), the Destination AFP must communicate the confirmation of the transfer to the affiliate by the means agreed upon, whether physical or electronic, detailing the identity document number and name of the affiliate, the effective date of their contract with the AFP, the percentage of the contribution base income charged as gross commission or effectively charged, and additional information deemed relevant; c) In case of loss of contract copies by any recipient, a copy may be requested from the Destination AFP, in which the word "COPY" must be stamped in uppercase; d) The transfer will take effect from the first day of the month following the date of the Transfer Request and will be considered, for all effects, as the first month of accrual in the Destination AFP. From this day, the rights and obligations between the affiliate and the Destination AFP will come into effect; e) While the rights and obligations with the Destination AFP do not come into effect, the Origin AFP will be responsible for the payment of disability and survivors' benefits for common risk; f) Contributions that the Origin AFP or Destination AFP incorrectly receive from the employer of affiliates belonging to others, will be treated as backlogs; g) The Origin AFP must safeguard the Affiliate's file, whether physical or digital copy, and it is their obligation to provide any information about said Affiliate in cases where the Destination AFP requires it; and h) All information that the Origin AFP transfers to the Destination AFP, via document and/or magnetic means, must be sent via a detailed manifest, which must be stamped and signed by the person responsible for the Origin AFP. In the case of electronic transfers, AFPs must establish the method of sending and acknowledgment of receipt.
On the inappropriateness and interruption of the transfer Art. 9.- It is the responsibility of the Origin AFP to verify and consider the causes of inappropriateness of said transfer, according to the following:
a) That the Affiliate is in the process of transferring to another AFP; b) That the Affiliate has filed a complaint to void the contract with the Origin AFP or that the Superintendence declares the aforementioned contract void; c) That the Destination AFP enters the process of dissolution/liquidation or merger; d) That the affiliate does not register at least twelve contributions in the Origin AFP. In this case, the Origin AFP must provide a statement to the affiliate, highlighting the number of contributions registered; (1) e) That the affiliate does not have a balance in their CIAP; f) That the affiliate dies before the transfer becomes effective;
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
g) That the affiliate has initiated the process of granting a benefit; and h) That the affiliate has a pending disability qualification request.
On the procedure to void a transfer
Art. 10.- In the event that the transfer is declared void, the Destination AFP will proceed to transfer to the Origin AFP, the CIAP balance of the affiliate, all the information from the records of contributions made to the CGS on behalf of the affiliate and the HL of the same, with its corresponding documentary, magnetic or electronic file, or the corresponding documentation, if it is in process; all of this in accordance with the terms and procedures established in these Norms.
Art. 11.- To void a transfer, the Superintendence may act ex officio or at the request of a party, according to the following:
a) Ex Officio: If the Superintendence proves the following:
i. That the signature appearing on the respective form is forged; or
ii. If during the period between the date of approval of the transfer and the effective date of the contract, any of the situations contemplated in literal b) and c) of Article 9 of these Norms occur.
b) At Request: When the affiliate, the Origin AFP or the Destination AFP requests it or the affiliate files a complaint in writing to the Superintendence, within a term of one year, counted from the confirmation of the transfer.
CHAPTER II
ON TRANSFER REQUEST FORMS AND RESPECTIVE CONTRACT
Art. 12.- The transfer request and respective contract will be contained in a single form, which may be physical or electronic, and must contain as a minimum the elements established in Annex No. 1 of these Norms.
Art. 13.- The forms will have consecutive numbering and a physical or electronic receipt will be generated for the applicant with the consecutive number of the process, as applicable.
Art. 14.- In the event that the form is filled out by hand, erasures, amendments, strikethroughs and any other corrections will be noted and resolved in the observations box in the presence of the signatories. If it is necessary to correct a form after the date it was signed, the procedure will be the same as above and the date of correction will be noted, along with the signatures that resolve it.
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
Art. 15.- When an affiliate has more than one employer, such situation must be noted in the employer data section and the corresponding spaces for additional employers must be filled out.
Art. 16.- At the moment of signing the form, it must contain three blank fields: the date of transfer confirmation, the signature and seal, when said document is physical, of the person authorized by the AFP to sign the contract and the effective date. (1)
Art. 17.- A copy of the identity document presented by the affiliate or by the beneficiaries, as applicable, will be attached to the process.
CHAPTER III
COMPENSATION OF TRANSFERS
On the procedure
Art. 18.- The AFPs, no later than the fifth business day of the month in which the transfer becomes effective, will establish the balance transfer plan to consolidate the transfer of funds for the transfer of affiliates; the AFPs will send the information in accordance with the agreement established between them and according to the detail established in Annex No. 4 of these Norms.
Art. 19.- According to the agreed transfer plan, the Origin AFP will transfer to the Destination AFP, the CIAP balance recorded on the last day of the month prior to the month the transfer becomes effective, as well as the information records of the CGS.
On the fund compensation scheme
Art. 20.- The AFPs may establish a scheme for the compensation of funds in a bilateral manner.
Bilateral compensation will function when there is an agreement between two AFPs to carry out the compensation of funds and they will use the basic mechanisms described in these Norms to effect it. Both AFPs must exchange information on the amounts owed to each other, then they must calculate the compensation independently, subsequently exchanging their respective results. In case of being in agreement with the calculations, they must manifest this through the file designed for such effect and then proceed to the transfer of funds; otherwise, they must communicate with each other to analyze and resolve the difference.
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
On the suspension of the process
Art. 21.- In cases where information is not received from the Affiliate, within the established terms, the Destination AFP must understand that the process has been suspended and must notify the Superintendence, sending a copy of said notification to the Origin AFP. Without prejudice to what is established in the previous paragraph, the Origin AFP must notify the Superintendence of the problems that caused the failure to meet the terms, sending a copy of said notification to the Destination AFP. The notifications described in the previous paragraphs must be made by electronic means. The process must be restarted in accordance with what is established in these Norms.
On the CIAP in liquidation
Art. 22.- If the first day of the month is a non-business day, the opening of the CIAP in the Destination AFP and the change in the system of the Origin AFP of the CIAP status, to account in liquidation, will be carried out on the next business day by both AFPs, without this implying any change in the responsibilities and obligations between the AFP and the affiliates.
On contributions to the CIAP, contributions to the CGS and accrual periods Art. 23.- The collection of all contributions to the CIAP and contributions to the CGS whose accrual period corresponds to the Origin AFP will be its responsibility, even if the affiliate has transferred, in accordance with what is established in Article 23 of the SP Law. The transfer of resources corresponding to contributions owed by the employer and not paid by the date of the transfer, must be treated as established in the Technical Norms for the Management of Backlogs (NSP-65), approved by the Central Bank through its Committee of Norms.
On the transfer of resources
Art. 24.- On the day of resource transfer, the net debtor AFPs will pay by electronic transfer to each net creditor AFP, the amounts determined in the final compensation, at the current exchange rate value on that day. The Origin AFP will send to the Destination AFPs, the electronic statement, in accordance with what is established in Annex No. 4 of these Norms, of the outgoing transfers that became effective that month, according to the programming agreed upon between the AFPs, as well as a report of presumed and identified delinquency.
NSP-66
TECHNICAL NORMS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 12/30/2022 Validity: 12/30/2022
The accounting record of the liquidation of CIAP transfers must be made on the day of compensation and the transfer of resources.
Technical Standards for Transfer Procedures Between Pension Fund Administrators
Approval: 30/12/2022
Validity: 30/12/2022
Accounting Record of Transfers
Art. 25.- For the purposes of recognizing the obligation for outgoing transfers or the right of incoming transfers, as well as their settlement, the corresponding accounts must be used in accordance with NSP-40, approved by the Central Bank through its Standards Committee.
TITLE III
FINAL PROVISIONS
UNIQUE CHAPTER
OTHER PROVISIONS AND VALIDITY
Art. 26.- Any communication that the AFPs involved in the process consider necessary to complete a transfer and that is not stipulated in these Standards must be carried out by documentary means indicating at minimum the following data:
a) Type and number of Identity Document; b) Name of the affiliate; c) Type and number of transfer document; d) Date of confirmation of the transfer; and e) Date of start of contractual relationship with the destination AFP. Copies of these communications must be sent to the Superintendency.
Art. 27.- The forms that had been designed in accordance with previous regulatory provisions prior to the validity of these Standards will be used until their exhaustion.
Technical Details of Information Submission
Art. 28.- The Superintendency will send to the AFPs, with a copy to the Central Bank, the technical details related to the submission of the information required in these Standards, within a maximum period of thirty days, counted from the day following the entry into force of these Standards. Regarding transfers, the AFPs will continue to send information by the means and mechanisms used prior to the validity of these Standards, while the Superintendency sends the technical details.
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
When substantial changes are made to the technical specifications, including the mechanisms and means of information submission, the AFPs will have up to one hundred and twenty days to implement them.
Transitory
Art. 29.- The AFPs will have a period of 90 days to make the corresponding adjustments related to the substitution of the Unique Pension Number for the Identity Document Number in Systems, forms, or other documents where such change applies.
Repeal
Art. 30.-
Repeals the "Technical Standards for Transfers Between Pension Fund Administrators and Transfer of Affiliates Between..." (NSP-32), approved by the Standards Committee of the Central Bank of El Salvador, in Session No. CN-03/2020 of February 26, 2020.
Sanctions
Art. 31.- Non-compliance with the provisions contained in these Standards will be sanctioned in accordance with what is established in the Law on Supervision and Regulation of the Financial System.
Unforeseen Aspects
Art. 32.- Aspects not provided for in the regulatory matter of these Standards will be resolved by the Central Bank through its Standards Committee.
Validity
Art. 33.- These Standards will enter into force from the thirtieth of December of two thousand twenty-two.
MODIFICATIONS:
(1) Modifications in articles 5, 7, 9, and 16, and in Annexes Nos. 1, 3, and 4 approved by the Standards Committee of the Central Bank in Session No. CN-03/2023 of May 3, 2023, with validity from May 19, 2023. (2) Modifications in Annex No. 1 approved by the Central Bank through its Standards Committee, in Session No. CN-10/2023, of November 28, 2023, with validity from May 1, 2024, due to the approval of Legislative Decree No. 762 which contains the Special Law for Municipal Restructuring.
Annex No. 1
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
MINIMUM CONTENT OF THE TRANSFER REQUEST FORM AND CONTRACT
Transfer Request
The part corresponding to the Transfer Request must contain the following elements:
a) [Blank for ID Number] b) The phrase that establishes the applicant's decision to transfer for their administration the balance of their Individual Savings Account for Retirement (CIAP) and information records of the Solidarity Guarantee Account (CGS) to an AFP different from the one in which they are affiliated at that time. The applicant (or representative of survivors' pensioners) requests to transfer the administration of the balance of the CIAP associated with the Identity Document Number ____________ and the information records of the CGS to the AFP _______________ c) Type of applicant:
i. Affiliate;
ii. Repealed (1)
iii. Repealed (1)
iv. Repealed (1)
v. Pensioner/Representative of survivors' pensioner.
d) The date on which the transfer is requested.
All dates in this form must be written in the format DD/MM/YYYY. e) Signature of the applicant. When filling this space, the following cases may arise:
i. That the applicant is between twelve and fourteen years of age, in which case they must request their transfer through their legal representatives, and in the absence of these, through the persons from whom they depend or through the Attorney General's Office, stating this in the observations space;
ii. That the applicant does not know or is not physically capable of signing. In this case, they will sign by proxy a person over eighteen years of age who identifies themselves with their Identity Document. The Agent must state this, detailing the name, type, and number of the signer's identity document in the observations box.
Numbering Format
The coding of the request will be composed of the serial number, the code of the destination AFP, and a correlative as shown below:
[Diagram: SERIAL CODE CORRELATIVE]
[Diagram: AFP CODE X 999999]
(Note: The length of the series field is increased by one, reducing by one character to maintain a fixed length for the document number.)
Transfer Contract
The part corresponding to the Contract must contain the following elements:
a) Number and type of identity document of the applicant; b) Name of the applicant, specifying first name, second name, first surname, second surname, married surname. The Agent must fill this space in accordance with the data contained in the identity document presented by the applicant; c) ISSS number of the applicant, where applicable; d) INPEP number of the applicant, where applicable; e) Phone number of the place of residence or mobile phone of the applicant; f) Email of the applicant and consent to receive electronic notifications; g) Names and surnames by which the applicant is known, if applicable, according to the presented identity document; h) Nationality of the applicant; i) Sex of the applicant; j) Date of birth of the applicant, according to the presented identity document; k) Address of the applicant, District, Municipality, Department, and Country; and (2) l) Marital status of the applicant, according to their identity document. This space includes five options: single, married, separated, divorced, widowed.
Pensional Background
a) Name or trade name of the origin AFP; b) Type of labor relationship of the affiliate according to the following:
i. Dependent, that worker who maintains a labor subordination relationship with one or several employers; and
ii. Independent, that which does not maintain labor subordination links;
c) Requirements met for the transfer. Only one option must be chosen between: 1) Twelve monthly contributions paid to the origin AFP; 2) There are grounds to request transfer due to breach of contract by the origin AFP.
Employer Data
a) Total number of employers; b) Name, denomination, or trade name; c) Date of start of work with employers; d) Employer's Tax Identification Number, whether natural or legal person; e) Phone; f) Fax; g) Address; h) Municipality, District, or City; (2) i) Department or State; and j) Country. In cases where the applicant is an independent worker or representative of a survivors' pensioner, these fields will not be required. (1) When the worker works for more than one employer, the Agent must specify this in the space corresponding to the second employer, and if there are more than two employers, the corresponding information must be attached on a separate page signed by the Agent and the worker, where the additional number of employers detailed on that page will be stated, i.e., excluding the two employers detailed in the form; the name or trade name of each of these employers; their address; phone or fax; tax identification number; and the date of start of work with each employer.
Pensional Agent Data
a) Signature of the Agent: I certify that the information contained in this document is true and that I have seen the documents... b) Agent Code: When the Agent processing the case is under investigation, and by agreement taken in the Board of Directors of the AFP, an Accredited Agent has been designated, the signature and code of the Accredited Agent will be noted in the observations space. This Accredited Agent will be jointly responsible for ensuring that the data recorded in this form is correct.
Signatures of the Contracting Parties
a) In the observations box, erasures, amendments, interlinear insertions, strikethroughs, and any other corrections will be recorded and saved; as well as cases where the applicant contracts through a third party or signs through a proxy signer or confirms an Accredited Agent, and/or any other information that, in the Agent's judgment, should be incorporated in said space; b) [Blank for Origin AFP Confirmation Date]; c) The date will be provided by the origin AFP upon confirming the validity of the transfer; d) The signature of the authorized representative of the AFP to sign contracts and the seal of the AFP, on physical forms. This space must be signed only by the person authorized by the Board of Directors of the AFP to sign contracts. Immediately to the right of this signature, the AFP seal will be stamped on physical forms; and (1) e) Signature of the applicant, their legal representative, or proxy signer, preceded by the sworn statement that the data provided is true. In cases where the signature is placed by a proxy person, the affiliate must imprint their fingerprint, and if unable to do so, this must be clearly stated in the document.
Detachable Password
The detachable password, if it is not an electronic form, will be delivered to the applicant to provide proof that the form was filled with the following content:
a) Name and logo of the destination AFP; b) Code, series, and correlative number of the form. This will be pre-printed on the upper right corner of the password and must be identical to the correlative number appearing on the upper right of the form; c) The phrase that establishes the applicant's decision to transfer for their administration the balance of their CIAP and information records of the CGS to an AFP different from the one in which they are affiliated. The applicant (or representative of survivors' pensioners) requests to transfer the administration of the balance of their CIAP associated with the Identity Document Number ___________ and the information records of the CGS to the AFP ________________ (name of the AFP); d) The date on which they request to transfer to the AFP. This date must coincide with the one contained in the request; and e) The signature and code of the Agent processing the request.
Clauses of the Transfer Contract
The following clauses of the transfer contract will be printed on the reverse of the form:
CLAUSES OF THE TRANSFER CONTRACT
We, AFP__________, S.A. (name of the AFP), who in this document is referred to as the Administrator, and the Applicant, agree to the following:
FIRST CLAUSE OBJECT OF THE CONTRACT
The object of this contract is to establish the legal relationship between the Applicant and the Administrator who sign it, from which arise the rights and obligations contemplated for both parties in the Comprehensive Pension System Law, and especially the right to benefits for the Applicant established in said Law and their obligation to contribute.
SECOND CLAUSE OBLIGATIONS OF THE ADMINISTRATOR The Administrator undertakes to:
a) Manage and grant the Applicant the benefits and advantages contemplated in the Comprehensive Pension System Law and its Technical Standards; b) Open in the name of the Affiliate an Individual Savings Account for Retirement (CIAP) and an information record for contributions to the Solidarity Guarantee Account (CGS); c) Receive from employers and independent Affiliates the mandatory contributions corresponding to their CIAP and contributions to the CGS; d) Receive from the Origin Administrator, the balance of the CIAP of the Affiliate who is transferring to the Destination Administrator, as well as the historical information of the CGS record, in accordance with NSP-44 approved by the Central Bank through its Standards Committee; e) Process the payment of overdue contributions in the name of the Affiliate, corresponding up to the last month in which there is a contractual relationship between the Affiliate and the Origin Administrator, according to the SP Law, the Standards issued for such purposes by the Central Bank through its Standards Committee, and what is provided in this contract; f) Provide the affiliate, at least every six months, the movements of their CIAP and the information records of the CGS, through the physical or electronic mechanisms this puts at their disposal; g) Send to the affiliate by the indicated means, the copy of this contract that corresponds to them; h) Carry out, at no cost to the Affiliate, all procedures related to the issuance of the Transfer Certificate; i) The Origin Administrator, in cases where the CIAP has no movements, will re-establish communication until new contributions are received; in any case, it will be obligated to inform of the balance of said account, as well as the information record of the CGS at least once a year; and j) Communicate at the time of transfer and through available mechanisms, the amount of the commission for the administration of the CIAP. Likewise, indicate the percentage of the base contribution income. (1)
THIRD CLAUSE OBLIGATIONS OF THE AFFILIATE
The Affiliate undertakes to the following:
a) Pay to the Administrator, the mandatory contributions through their employer, within the first ten business days of the month following that in which the affected remunerations were accrued. Independent Affiliates must pay their contributions directly to the Administrator; (1) b) Independent Affiliates must pay the legal commission corresponding to the Administrator for the administration of their CIAP in accordance with what the SP Law establishes; c) Inform the Administrator of any change in the personal data that served to sign this contract, which will be incorporated into the Affiliate's file; and d) Complete the information or documentation required by the Administrator to comply with applicable legislation.
FOURTH CLAUSE - COMMISSIONS
The Administrator may establish the collection of commissions in accordance with article 71 of the SP Law.
The collection of the commissions referred to in this clause will be carried out according to the particular situation in which each CIAP is found, in accordance with the SP Law and the respective Standards. No more than one of these commissions may be charged simultaneously for the same concept. (1)
FIFTH CLAUSE TRANSFER OF THE CIAP AND THE CGS INFORMATION RECORD TO ANOTHER PENSION FUND ADMINISTRATOR The Affiliate may transfer their CIAP and the CGS information records to another Administrator upon meeting the following conditions:
a) That they have made at least twelve monthly contributions to the Origin Administrator, through their employer if it is a dependent worker, or directly in the case of independent workers; b) That the Administrator breached any of the clauses of this contract. In this case, the Affiliate must present their complaint in writing to the Superintendency, who will resolve in each case if the complaint proceeds and if the Affiliate is authorized to transfer to another Administrator for this cause; or c) That the Administrator enters a process of dissolution/liquidation or merger with another Administrator. Beneficiaries may only transfer when the pension is definitive, i.e., they cannot do so while receiving preliminary pensions.
SIXTH CLAUSE - COMPLAINTS
In case the Affiliate wishes to file a Complaint, they may do so with the Administrator or in the User Attention Office of the Superintendency of the Financial System; in both cases, the respective forms will be provided to them.
SEVENTH CLAUSE DOMICILE OF THE ADMINISTRATOR The Administrator designates as its special domicile the city of San Salvador, to the jurisdiction of whose courts it expressly submits.
EIGHTH CLAUSE TERMINATION OF THE CONTRACT
This contract may be terminated in any of the following cases:
a) When the Affiliate transfers the funds of their CIAP and the CGS information record to another Administrator. In this case, the contract with the Administrator will remain in force until the day prior inclusive to that on which the contract with the other Administrator enters into force; b) When the right to receive a pension ends for the last of the survivors' beneficiaries of the Affiliate and is claimed due to inheritance, or when they transfer to another AFP; c) When the Affiliate dies and the balance of their CIAP is granted as inheritance, according to the SP Law; and d) When the total balance of the CIAP is returned, for the cases established in the SP Law. In cases where, having the contract terminated, recoveries of overdue contributions or arrears corresponding to the validity of the contract are presented, these will be processed in accordance with the pertinent Standards.
NINTH CLAUSE GROUNDS TO RENDER THE CONTRACT VOID The transfer will be declared void by the Superintendency, upon proving that at least one of the grounds detailed in the pertinent Technical Standards has occurred. The cessation of the contract proceeds, without prejudice to other legal sanctions or fines that may be applied to those responsible, according to the respective Legislation. When proceeding at the request of a party, the affiliate or AFP will present to the Superintendency or to the Destination Administrator, a request to render the contract void in the respective form, within a period of one year counted from when the Origin Administrator has made the respective notifications of confirmation of the transfer. In case of the death of the affiliate, the transfer process is interrupted and automatically becomes void.
TENTH CLAUSE
The parties expressly submit to the provisions established in the Law on Supervision and Regulation of the Financial System, the Comprehensive Pension System Law, and the Technical Standards issued by the Central Bank through its Standards Committee and by their future modifications.
Annex No. 2
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
MINIMUM CONTENT OF THE TRANSFER PROCEDURE CANCELLATION FORM
The minimum content of the transfer procedure cancellation form must be the following:
a) Date on which the cancellation of the procedure is requested; b) Name of the Applicant; c) Type and number of the Applicant's Identity Document; d) Name of the Origin AFP; e) Name of the Destination AFP; f) Transfer Request Number; and g) Signature of the Applicant or proxy person in cases where they do not know or are not physically capable of signing.
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
ELECTRONIC INFORMATION EXCHANGE
1. NOMENCLATURE USED TO DESCRIBE FIELD TYPES IN ELECTRONIC FILES, LENGTH, VALUES, FIELD OBLIGATORINESS, AND FORMAT OF FILES TO BE TRANSFERRED.
The Superintendency will send to the AFPs, with a copy to the Central Bank, the details related to the technical aspects of the nomenclature used to describe the types of fields in electronic files, length, values, field obligatoriness, and format of the files to be transferred, which will be communicated within a maximum period of thirty business days following the entry into force of these Standards.
2. ELECTRONIC INFORMATION EXCHANGE IN THE TRANSFER PROCESS
a) The Origin AFP must verify and validate that the structure of the files sent by the Destination AFP are those defined in these Standards; b) In the case that the Destination AFP detects any inconsistency at the time of electronic information exchange, it must notify the Origin AFP by the means both have previously agreed upon.
3. ELECTRONIC FILES
a) AFFILIATE TRANSFER REQUEST FILE
Through this file, the Destination AFP will inform the Origin AFP of the detail of affiliates who signed the respective Transfer Request and Contract, as stipulated in these Standards. This file must be sent within a period of three business days after the affiliate has signed the respective Transfer Request and Contract. The file will contain the following:
| COLUMN NAME | DESCRIPTION |
|---|---|
| DESTINATION AFP | Code of the Destination AFP |
| ORIGIN AFP | Code of the Origin AFP |
| REQUEST DATE | Date on which the request was filled |
| TRANSFER DOCUMENT TYPE | Type of Transfer Document |
(Note: The text ends abruptly here in the source provided.)
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
TRANSFER REQUEST NUMBER Transfer Request Number REQUESTER TYPE Requester code, according to technical specifications FIRST NAME Member's First Name according to identity document SECOND NAME Member's Second Name according to identity document FIRST LAST NAME Member's First Surname according to identity document SECOND LAST NAME Member's Second Surname according to identity document MARRIED NAME Member's Married Surname according to identity document DATE OF BIRTH Date of birth of the member to be transferred SEX Member's Sex MARITAL STATUS Member's Marital Status DUI Number of identity document presented by the member MINORITY CARD PASSPORT RESIDENCE PERMIT ISSS NUMBER Number of affiliation to ISSS INPEP NUMBER Number of affiliation to INPEP AGENT The CUA of the Agent who helped fill out the request AUTHORIZED AGENT The CUA of the Authorized Agent (In case that the Agent is under investigation while managing the transfer) TRANSFER REASON As indicated in the technical specifications SUPERINTENDENCY RESOLUTION In case of a transfer due to breach of contract In the event that there is any type of observation by the source AFP on the previous file, it must be reported to the destination AFP by means of an observations file. This file will be sent the next business day after the transfer request file for members is received. The information contained in the observations file will be as follows:
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
IDENTITY DOCUMENT Number of Identity Document of the member TYPE OF TRANSFER DOCUMENT Type of Transfer Document TRANSFER REQUEST NUMBER Transfer Request Number RECEPTION DATE Date on which the file is received SOURCE AFP Code of the Source AFP DESTINATION AFP Code of the Destination AFP OBSERVATION CODE Code used to identify the type of observation OBSERVATION DESCRIPTION Description of the observation
b) TRANSFER REQUEST FILE FOR BENEFICIARIES
File showing the information of the deceased member who generated the right to survivorship pension for the beneficiaries:
COLUMN NAME DESCRIPTION
DESTINATION AFP Code of the Destination AFP
SOURCE AFP Code of the Source AFP
REQUEST DATE Date on which the request was filled out TYPE OF TRANSFER DOCUMENT Type of Transfer Document TRANSFER REQUEST NUMBER Transfer Request Number CAUSANT'S IDENTITY DOCUMENT Number of Identity Document of the causant FIRST NAME CAUSANT First Name of the causant according to identity document SECOND NAME CAUSANT Second Name of the causant according to identity document FIRST LAST NAME CAUSANT First Surname of the causant according to identity document SECOND LAST NAME CAUSANT Second Surname of the causant according to identity document MARRIED NAME CAUSANT Married Surname of the causant according to identity document FIRST NAME REQUESTER First Name of the requester according to identity document
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
SECOND NAME REQUESTER Second Name of the requester according to identity document FIRST LAST NAME REQUESTER First Surname of the requester according to identity document SECOND LAST NAME REQUESTER Second Surname of the requester according to identity document MARRIED NAME REQUESTER Married Surname of the requester according to identity document DUI REQUESTER Number of identity document presented by the requester MINORITY CARD REQUESTER PASSPORT REQUESTER RESIDENCE PERMIT REQUESTER DATE OF BIRTH Date of birth of the causant DATE OF DEATH Date of death of the causant AGENT The CUA of the Agent who helped fill out the request AUTHORIZED AGENT The CUA of the Authorized Agent (In case that the Agent is under investigation while managing the transfer) TRANSFER REASON As indicated in the technical specifications SUPERINTENDENCY RESOLUTION In case of a transfer due to breach of contract
c) BENEFICIARY DETAIL FILE
File showing the information of the beneficiaries who are receiving survivorship pension, based on the information sent in the beneficiary transfer request file:
COLUMN NAME DESCRIPTION
TYPE OF TRANSFER DOCUMENT Type of Transfer Document TRANSFER REQUEST NUMBER Transfer Request Number CIAP HOLDER'S IDENTITY DOCUMENT Number of Identity Document of the causant or deceased member
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
TYPE OF BENEFICIARY Relationship of the beneficiary with respect to the causant or deceased member FIRST NAME First Name of the beneficiary according to identity document SECOND NAME Second Name of the beneficiary according to identity document FIRST LAST NAME First Surname of the beneficiary according to identity document SECOND LAST NAME Second Surname of the beneficiary according to identity document MARRIED NAME Married Surname of the beneficiary according to identity document DATE OF BIRTH Date of birth of the beneficiary SEX Sex of the beneficiary DISABILITY Type of disability of the beneficiary, in cases that apply PENSION AMOUNT Amount of the pension corresponding to beneficiary
d) TRANSFER CONFIRMATION
This file will contain the response to those transfer requests confirmed by the source AFP. The file in question must also be transferred to the Superintendency. The information contained in the file is as follows:
COLUMN NAME DESCRIPTION
DESTINATION AFP Code of the Destination AFP
SOURCE AFP Code of the Source AFP
REQUEST DATE Date on which the request was filled out TYPE OF TRANSFER DOCUMENT Type of Transfer Document TRANSFER REQUEST NUMBER Transfer Request Number NIA (1) Internal Affiliation Number of the causant (1) FIRST NAME First Name of the member according to identity document
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
SECOND NAME Second Name of the member according to identity document FIRST LAST NAME First Surname of the member according to identity document SECOND LAST NAME Second Surname of the member according to identity document MARRIED NAME Married Surname of the member according to identity document DATE OF BIRTH Date of birth of the member to be transferred SEX Sex of the member MARITAL STATUS Member's Marital Status DUI Number of identity document presented by the member MINORITY CARD PASSPORT RESIDENCE PERMIT ISSS NUMBER Number of affiliation to ISSS INPEP NUMBER Number of affiliation to INPEP AGENT The CUA of the Agent who helped fill out the request AUTHORIZED AGENT The CUA of the Authorized Agent (In case that the Agent is under investigation while managing the transfer) TRANSFER REASON As indicated in the technical specifications SUPERINTENDENCY RESOLUTION In case of a transfer due to breach of contract TRANSFER CONFIRMATION DATE Date on which the transfer is finalized CONTRACTUAL RELATIONSHIP START DATE WITH DESTINATION AFP The first day of the month following the month of the transfer request
e) IMPROPERNESS AND INTERRUPTION OF TRANSFERS
In case it is determined that the transfer does not meet the requirements to be confirmed, a file will be sent to the destination AFP with the following information:
COLUMN NAME DESCRIPTION
IDENTITY DOCUMENT Number of Identity Document of the member to be transferred
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
TYPE OF TRANSFER DOCUMENT Type of Transfer Document REQUEST NUMBER Transfer Request Number SOURCE AFP Code of the Source AFP DESTINATION AFP Code of the Destination AFP IMPROPERNESS DATE Date on which the transfer is declared as improper IMPROPERNESS CODE Code used to identify the type of improperness IMPROPERNESS DESCRIPTION Description of the improperness
Transfer requests rejected under the following conditions will be annulled.
CONDITIONS THAT PREVENT TRANSFER
The member does not have twelve monthly accrued contributions up to the month immediately prior to the submission of the Transfer Request Repealed (1) The Resolution supporting the transfer does not exist The member has died The membership contract with the source AFP was terminated The member has already submitted a transfer request, which is currently valid The member has initiated a pension process with the source AFP The member has submitted a disability qualification request with the source AFP The Agent is inactive The Agent is under investigation Identity Document does not exist in the source AFP database Identity Document of the member is annulled in the database Identity Document does not belong to the requester Other causes previously authorized by the Superintendency
f) REJECTION CAUSES
The rejection causes may be due to errors found in the information.
For the purposes of this Standard, an error shall be understood as those data of the member, of the employers or AFP that, due to circumstances beyond the control of those involved in the transfer process, have been incorrectly supplied to the source AFP.
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
Transfer requests rejected under the following error causes may be sent until such errors are resolved.
TYPE OF ERROR
The identity document does not correspond to the nationality The type of identity document is invalid for the process The identity document number does not match the data held by the source AFP The sequential number of the transfer request was omitted The sequential number of the transfer request has already been assigned The member's first name and first surname are mandatory The member's date of birth is mandatory The Agent code is mandatory The Agent is not registered with the Superintendency as such The Authorized Agent is not registered with the Superintendency as such The transfer request date was omitted Transfer request date is incorrect Transfer request date exceeds the validity time Name detailed in the transfer request does not match the presented identity document The AFP code is mandatory g) FILE NOTIFICATION OF CANCELLATION OF THE TRANSFER PROCESS
The source AFP will notify the destination AFP regarding the cancellation of the transfer process when the requester withdraws their intention to transfer to another AFP. The information contained in the file is as follows:
COLUMN NAME DESCRIPTION
IDENTITY DOCUMENT Number of identity document of the Member or causant TYPE OF IDENTITY DOCUMENT Type of Identity Document of the member IDENTITY DOCUMENT VALIDITY Date of expiration of Identity Document TYPE OF TRANSFER DOCUMENT Type of Transfer Document REQUEST NUMBER Transfer Request Number
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
DESTINATION AFP Code of the Destination AFP
TRANSFER REQUEST CAUSE
Cause for which the transfer is being requested TRANSFER PROCESS CANCELLATION CAUSE Reason why the transfer is cancelled AGENT The CUA of the Agent who helped fill out the request AUTHORIZED AGENT The CUA of the Authorized Agent (In case that the Agent is under investigation while managing the transfer)
h) FILE NOTIFICATION OF TRANSFER INTERRUPTION
This file will be sent by the Superintendency to the source and destination AFP.
COLUMN NAME DESCRIPTION
IDENTITY DOCUMENT Number of identity document of the member to be transferred FIRST NAME First Name of the member according to identity document SECOND NAME Second Name of the member according to identity document FIRST LAST NAME First Surname of the member according to identity document SECOND LAST NAME Second Surname of the member according to identity document MARRIED NAME Married Surname of the member according to identity document SOURCE AFP CODE Code of AFP where the member was affiliated before the transfer confirmation DESTINATION AFP CODE Code of AFP to which the transfer was confirmed TRANSFER REQUEST NUMBER Transfer Request Number TRANSFER REQUEST DATE Date on which the request to be interrupted was filled out START DATE AT DESTINATION AFP Date on which the contractual relationship with the destination AFP began DATE ON WHICH THE TRANSFER WAS CONFIRMED Date on which the transfer was finalized
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
RESOLUTION NUMBER Number of the resolution issued FILE NAME SENT BY DESTINATION AFP PROCESSED AND WHICH GENERATED THE CONFIRMATION Transfer Confirmation File CODE OF TRANSFER INTERRUPTION REASON Code referring to the reason why the transfer is interrupted
- REGARDING THE SUBMISSION OF ELECTRONIC INFORMATION BY THE SOURCE AFP
a) TRANSFER OF FILES
The source AFP must send to the destination AFP, either by documentary or electronic means, the member's file, which must contain all the documentation comprising it, which must be reviewed by the destination AFP, who must express conformity. In the event of the dissolution and/or liquidation of an AFP, the physical file must be sent. Likewise, the files of members who had previously been transferred, and which the dissolving or liquidating AFP still held, must be sent. b) OF ELECTRONIC INFORMATION The electronic information that must be delivered to the destination AFP will be that regarding the general data of the member, as well as the CIAP balance to be transferred, which will be sent no later than the last day of the month in which the contractual relationship between the member and the destination AFP becomes effective. Likewise, the detail of the movements supporting the transferred balance as well as the information on the time contributed and the contributions to the CGS movements must be sent no later than the last day of the month following the validity of the new contract. c) OF THE FILES EXCHANGED BETWEEN AFPS The structure and denomination of the files exchanged between AFPs will be according to the specifications issued for such effect. d) GENERAL MEMBER DATA FILE With this file, the source AFP will exchange the information of the member and its beneficiaries
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022 Information regarding the member:
COLUMN NAME DESCRIPTION
BIRTH DATE Date of birth of the member
TYPE OF IDENTITY DOCUMENT Type of Identity Document of the member IDENTITY DOCUMENT NUMBER Number of identity document of the member ISSS NUMBER Number of affiliation to ISSS when applicable INPEP NUMBER Number of affiliation to INPEP when applicable MEMBER STATUS Current status of the member in the SP TYPE OF PENSION Type of pension being paid, if applicable NUMBER OF BENEFICIARIES Number of beneficiaries declared or receiving pension FILE TYPE The file type code corresponds to the extension of the file
Information regarding beneficiaries:
COLUMN NAME DESCRIPTION
FIRST NAME First Name of the beneficiary according to identity document SECOND NAME Second Name of the beneficiary according to identity document FIRST LAST NAME First Surname of the beneficiary according to identity document SECOND LAST NAME Second Surname of the beneficiary according to identity document MARRIED NAME Married Surname of the beneficiary according to identity document TYPE OF BENEFICIARY Relationship of the beneficiary with respect to the causant or deceased member SEX Sex of the beneficiary DATE OF BIRTH Date of birth of the beneficiary DISABILITY Type of disability of the beneficiary, in cases that apply PENSION APPROVAL DATE Date on which the pension payment was approved
Annex No. 3
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
COLUMN NAME DESCRIPTION
PENSION PAYMENT START DATE
Date on which the pension payment began
PENSION AMOUNT Amount of the pension corresponding to beneficiary FILE TYPE The file type code corresponds to the extension of the file
e) HISTORICAL TRANSFER REGISTRATION FILE BETWEEN AFPS
This file will contain the information on the start and end of contractual relationships with AFPs reported by the member throughout their working life since they joined the SP. The AFP must create the appropriate structure within its database to store this information.
COLUMN NAME DESCRIPTION
DOCUMENT NUMBER Number of affiliation/transfer document to the AFP DOCUMENT DATE Date of Affiliation/transfer document to the AFP TYPE OF IDENTITY DOCUMENT Type of Identity Document presented by member IDENTITY DOCUMENT NUMBER Number of identity document presented by member at the time of their affiliation/transfer CONTRACTUAL RELATIONSHIP START DATE WITH AFP Date of Affiliation to the AFP CONTRACTUAL RELATIONSHIP END DATE WITH AFP Date on which the contractual relationship terminates
Annex No. 4
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022 TRANSFER OF FUNDS BETWEEN PENSION FUND ADMINISTRATORS BY TRANSFERS To consolidate the transfer of funds between AFPs due to the transfer of members, the AFPs will send the information according to the agreement established between them and according to the following detail:
No. ENTITY ACTIVITY DEADLINE / MEANS
1 Source AFP Will send information on CIAP balances. The contributions that have not yet been collected or credited at that time, must be sent subsequently First business day of the contractual relationship with the destination AFP 2 Destination AFP Report Conformity/Non-conformity of the CIAP balance file 3 Source AFP Places outgoing transfer CIAPs in status Entry into validity of transfer (First day of the month) 4 Destination AFP Opens CIAP for members whose contract enters into effect on that day with balance = US $0.00 Entry into validity of transfer (First Day of the month) 5 AFP Sends to the compensating entity or to the destination AFP, the list of outgoing transfer CIAPs, detailing balances as of the last day of the month prior to the month of entry into validity, with amount in number of quotas and United States dollars Thirteenth business day 5-A AFP that receives information If the structure or content of the information described in 3 is incorrect, or if there are communication problems for the reception of the information, notifies in writing to the compensating entity or to the AFP that sends the information, requesting the resending of the information Thirteenth business day 5-B AFP that sends information Resends information correcting structure or content of the information, or making use of contingency means (for example, magnetic media) Thirteenth business day
Annex No. 4
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
No. ENTITY ACTIVITY DEADLINE / MEANS
6 AFP that receives information
Sends conformity file with preliminary information, indicating its satisfaction with the same or its dissatisfaction; in this case, it will attach a list of the information in which there discrepancy. This disagreement must be corrected on the day of the fund transfer Fifteenth business day 7 AFP Sends to the compensating entity or to the other AFPs, a file with the definitive amounts to be transferred for outgoing CIAP transfers, calculated at the current quota value of the day No later than the last business day of the month of entry into validity of the transfer; if not complied with, the process is aborted 8 AFP that receives information Reviews and validates the information described in step 5 that it receives from the other AFP(s) or from the entity as a prior step to effect the netting (compensation) of balances to be transferred No later than the last business day of the month of entry into validity of the transfer; if not complied with, the process is aborted 9 AFP or entity compensator a The definitive net amounts to be transferred or received by each AFP for the concept of transfers and backlogs are determined, through the compensation of the definitive amounts reported in step 5 No later than the last business day of the month of entry into validity of the transfer; if not complied with, the process is aborted 10 AFP If there is conformity with the balances to be transferred, the corresponding payments are made No later than the last business day of the month of entry into validity of the transfer; after finishing the previous steps 11 AFP Registers the accounting transactions of the respective transfers, on the same day that the transfer of funds is effected, as described in the present Standards. No later than the last business day of the month of entry into validity of the transfer.
Annex No. 4
NSP-66
TECHNICAL STANDARDS FOR TRANSFER PROCEDURES BETWEEN PENSION FUND ADMINISTRATORS Approval: 30/12/2022 Validity: 30/12/2022
No. ENTITY ACTIVITY DEADLINE / MEANS
12 Source AFP Closes the CIAP in liquidation No later than the last business day of the month of entry into validity of the transfer.
FILES TO BE EXCHANGED
The files to be exchanged will be the following:
a) CIAP BALANCE FILE TO TRANSFER AND CGS INFORMATION RECORDS
The CIAP balance information and CGS information records to be transferred on the first day of the contractual relationship with the destination AFP will be those detailed in the file described below. The information regarding said balances will be based on the last monthly closing performed.
| COLUMN NAME | DESCRIPTION |
|---|---|
| RECORD TYPE | Defines the type of record, either by CIAP transfer or arrears |
| IDENTITY DOCUMENT | Affiliate's identity document number |
| TRANSFER DOCUMENT TYPE | Type of Transfer Document |
| TRANSFER DOCUMENT NUMBER | Transfer document number to the AFP |
| WORKER MANDATORY CONTRIBUTIONS BALANCE | Amount of the balance for worker mandatory contributions |
| EMPLOYER MANDATORY CONTRIBUTIONS BALANCE | Amount of the balance for employer mandatory contributions |
| WORKER VOLUNTARY CONTRIBUTIONS BALANCE | Amount of the balance for worker voluntary contributions |
| EMPLOYER VOLUNTARY CONTRIBUTIONS BALANCE | Amount of the balance for employer voluntary contributions |
| AFFILIATE'S TOTAL CIAP | The sum of the fields for mandatory and voluntary contribution balances for both the worker and the employer |
| BALANCE DATE | Date to which the CIAP balances are reported |
| TOTAL INDICATOR | Reference to the total amount to be transferred |
TOTAL TO TRANSFER
The sum of the fields TOTAL AFFILIATE CIAP
b) CIAP BALANCE CONFORMITY/DISCONFORMITY FILE TO TRANSFER AND CGS INFORMATION RECORDS
This file will be sent by the destination AFP and will serve to indicate its conformity or non-conformity with the electronic information received from the origin AFP. In case of non-conformity, the origin AFP must, within a period of five business days, correct the situation(s) and resend the information.
| COLUMN NAME | DESCRIPTION |
|---|---|
| RECORD TYPE | Will detail the type of notification, whether by satisfactory receipt, damaged files, or non-matching information |
| IDENTITY DOCUMENT | Affiliate's identity document number |
| DOCUMENT NUMBER | Transfer document number to the AFP |
| INFORMATION VALIDATION DATE | Date on which the affiliate's information is considered valid |
| FILE NAME | Name of the damaged file or with non-matching information, excluding the extension |
| FILE TYPE | The extension assigned to the damaged or non-matching file type |
| ERRORS FOUND | Description of errors found in the damaged file, if any |
| ERROR TYPE/IMPROPERNESS TYPE | Will detail the type of error or impropriety identified in the received file, according to established coding. |
c) PRELIMINARY GROSS BALANCES FILE TO TRANSFER
| ENTITY | ACTIVITY |
|---|---|
| FILE ISSUER | AFP that reports the balances |
| FILE RECIPIENT | All AFPs to which the Sending AFP owes balances, as well as the compensating entity, if any |
| DESCRIPTION | Through this file, the sending AFP reports the gross balances owed to other AFPs in concept of CIAP balances, as well as arrears |
The information contained in this file is preliminary and only serves to provide a projection of the gross balances owed to each Destination AFP.
| ENTITY | ACTIVITY |
|---|---|
| SEND DATE | The thirteenth business day of each month, or according to the schedule agreed upon by the AFPs |
| FILE TYPE | The file type code corresponds to the file extension |
| COLUMN NAME | DESCRIPTION |
|---|---|
| SENDING AFP | The AFP sending the information |
| DESTINATION AFP | The AFP to whom the balances are owed |
| FILE SEND DATE | Date of file dispatch |
| QUOTA VALUE AT TIME OF SEND | Quota value at the time of send |
| NUMBER OF RECORDS IN THE FILE | Including all headers and summaries of sections and of the file |
| IDENTITY DOCUMENT | Identity document number of the affiliate to whom the amount to be transferred belongs |
| FIRST NAME | First name of the affiliate to be transferred |
| SECOND NAME | Second name of the affiliate to be transferred |
| FIRST SURNAME | First surname of the affiliate to be transferred |
| SECOND SURNAME | Second surname of the affiliate to be transferred |
| MARRIED SURNAME | Married surname of the affiliate to be transferred |
| NUMBER OF QUOTAS | The number of quotas at the time of transfer |
| TRANSFER AMOUNT | Amount of the fund transfer corresponding to the Affiliate's Identity Document Number |
| COA | Detail of affiliate's mandatory contributions |
| COE | Detail of employer's mandatory contributions |
| CVA | Detail of affiliate's voluntary contributions |
| CVE | Detail of employer's voluntary contributions |
| GROSS CIAP SUBTOTAL | Total amount of funds to be transferred in concept of CIAP transfers |
| GROSS SUBTOTAL OF FUNDS FROM ARREARS | Value from arrears |
| TOTAL FUNDS TO TRANSFER | The sum of the subtotal fields |
d) CONFORMITY FILE WITH PRELIMINARY INFORMATION
The file will be sent to manifest the AFP's non-conformity regarding the information received from its counterparts in the preliminary gross balances files to transfer.
| ENTITY | ACTIVITY |
|---|---|
| SENDER | AFPs involved in the compensation process |
| DESCRIPTION | This file must be sent on the fifteenth business day or on the date agreed upon by the AFPs involved in the compensation to indicate non-conformity with the process |
| COLUMN NAME | DESCRIPTION |
|---|---|
| SENDING AFP | The AFP sending the information |
| DESTINATION AFP | The AFP to whom the balances are owed |
| FILE SEND DATE | Date of file dispatch |
| NUMBER OF RECORDS IN THE FILE | Including all headers and summaries of sections and of the file |
| NUMBER OF RECORDS INCLUDED IN THE PRELIMINARY GROSS BALANCES FILE | Including all headers and summaries of sections and of the file Preliminary Gross Balances to Transfer |
| QUOTA VALUE REPORTED IN THE PRELIMINARY GROSS BALANCES FILE | Quota value at the time of send reported in the Preliminary Gross Balances file |
| CONFORMITY INDICATOR | In case this field takes a value of zero, it must be understood that the entity that generated the file is in agreement with the information received; otherwise, it must indicate the number of records with which it is not in agreement, whose details must be in the following section of the file |
| IDENTITY DOCUMENT | Identity document number of the affiliate to whom the amount to be transferred belongs |
| DISCREPANT INFORMATION | In this field, the type of information that has differed from what was expected by the AFP that received the file must be reported |
| FILE TYPE | The file type code corresponds to the file extension |
e) GROSS BALANCES FILE TO TRANSFER
| ENTITY | ACTIVITY |
|---|---|
| FILE ISSUER | AFP that reports the balances |
| FILE RECIPIENT | Compensating entity or compensating AFP |
| DESCRIPTION | Through this file, the AFP reports the gross balances owed to other AFPs in concept of CIAP balances and funds from special arrears as well as normal arrears |
| SEND DATE | Last business day of the month of entry into force of the transfer, or according to the schedule agreed upon by the AFPs |
| COLUMN NAME | DESCRIPTION |
|---|---|
| SENDING AFP | The AFP sending the information |
| DESTINATION AFP | The AFP to whom the balances are owed |
| FILE SEND DATE | Date of file dispatch |
| QUOTA VALUE AT TIME OF SEND | Quota value at the time of send |
| NUMBER OF RECORDS IN THE FILE | Including all headers and summaries of sections and of the file |
| IDENTITY DOCUMENT | Identity document number of the affiliate to whom the amount to be transferred belongs |
| FIRST NAME | First name of the affiliate to be transferred |
| SECOND NAME | Second name of the affiliate to be transferred |
| FIRST SURNAME | First surname of the affiliate to be transferred |
| SECOND SURNAME | Second surname of the affiliate to be transferred |
| MARRIED SURNAME | Married surname of the affiliate to be transferred |
| NUMBER OF QUOTAS | The number of quotas at the time of transfer |
| TRANSFER AMOUNT | Amount of the fund transfer corresponding to the Affiliate's Identity Document Number |
| COA | Detail of affiliate's mandatory contributions |
| COE | Detail of employer's mandatory contributions |
| CVA | Detail of affiliate's voluntary contributions |
| CVE | Detail of employer's voluntary contributions |
| GROSS CIAP SUBTOTAL | Total amount of funds to be transferred in concept of CIAP transfers |
| GROSS SUBTOTAL OF FUNDS FROM ARREARS | Value from arrears |
| TOTAL FUNDS TO TRANSFER | The sum of the subtotal fields |
| FILE TYPE | The file type code corresponds to the file extension |
f) TRANSACTION IDENTIFIER FILE
| ENTITY | ACTIVITY |
|---|---|
| FILE ISSUER | The compensating entity or AFP that receives the Gross Balances to Transfer (GBT) file. |
| FILE RECIPIENT | The AFP that sent the GBT file to whose records an identifier has been assigned |
| DESCRIPTION | Through this file, the sender will notify the information of a transaction identifier code to each of the movements reported through the GBT file |
| SEND DATE | Last business day of the month of entry into force of the transfer, or according to the schedule agreed upon by the AFPs. |
| COLUMN NAME | DESCRIPTION |
|---|---|
| SENDING AFP | The AFP sending the information |
| DESTINATION AFP | The AFP to whom the balances are owed |
| FILE SEND DATE | Date of file dispatch |
| NUMBER OF RECORDS IN THIS FILE | Including all headers and summaries of sections and of the file |
| FUND TRANSFER DATE | The date on which the AFP would transfer the funds in case that upon carrying out the compensation, the net balance is against it |
| TRANSACTION IDENTIFIER | The number assigned to the transaction |
| IDENTITY DOCUMENT | Identity document number of the affiliate to whom the amount to be transferred belongs |
| FIRST NAME | First name of the affiliate to be transferred |
| SECOND NAME | Second name of the affiliate to be transferred |
| FIRST SURNAME | First surname of the affiliate to be transferred |
| SECOND SURNAME | Second surname of the affiliate to be transferred |
| MARRIED SURNAME | Married surname of the affiliate to be transferred |
| NUMBER OF QUOTAS | The number of quotas at the time of transfer |
| TRANSFER AMOUNT | Amount of the fund transfer corresponding to the Affiliate's Identity Document Number |
| STATUS | This status will indicate if the information has been received, as well as the considerations of the AFP that received the GBT file regarding that information |
| FILE TYPE | The file type code corresponds to the file extension |
g) NET BALANCES FILE TO TRANSFER
| ENTITY | ACTIVITY |
|---|---|
| FILE ISSUER | The compensating entity or AFP |
| FILE RECIPIENT | Each AFP that sent a GBT file |
| DESCRIPTION | Through this file, the compensating entity or the AFP acting as such, will report the net balances owed to other AFPs in concept of CIAP balances |
| SEND DATE | Last business day of the month of entry into force of the transfer, or as agreed by the AFPs |
| COLUMN NAME | DESCRIPTION |
|---|---|
| SENDING AFP | Code of the AFP sending the information |
| FILE SEND DATE | Date of file dispatch |
| NUMBER OF RECORDS IN THIS FILE | Including all headers and summaries of sections and of the file |
| FUND TRANSFER DATE | The date on which the AFP would transfer the funds in case that upon carrying out the compensation the net balance is against it |
| CREDITOR AFP | The AFP to whom the funds are owed |
| GROSS CIAP SUBTOTAL | Total amount of funds to be transferred in concept of CIAP transfers |
| GROSS SUBTOTAL OF FUNDS FROM ARREARS | Value from arrears |
| TOTAL FUNDS REPORTED BY THE CREDITOR AFP | The sum of the subtotal fields |
| TOTAL BALANCES OWED TO THE AFP RECEIVING THIS FILE | Detail of the total balance owed |
| NET AMOUNTS TO TRANSFER | Calculated as the subtraction of the value indicated in the field "Total balances owed to the AFP receiving this file" minus the value indicated in the field "Total funds reported by the creditor AFP" |
| In case it is positive, the AFP receiving this file must transfer to the AFP that sent it, the amount indicated in the same | |
| In case it is negative, the AFP receiving this file must receive the amount indicated in the same | |
| FILE TYPE | The file type code corresponds to the file extension |
h) ELECTRONIC STATEMENT FILE
Details contribution and deposit movements to the CGS.
| COLUMN NAME | DESCRIPTION |
|---|---|
| FILE SEND DATE | Date of file dispatch |
| SENDING INSTITUTION CODE | Code of the AFP sending the information |
| RECEIVING INSTITUTION CODE | Code of the AFP receiving the information |
| TOTAL RECORDS IN THE FILE | The total lines in the file including headers and summaries |
| IDENTITY DOCUMENT | Identity document number of the affiliate to whom the amount to be transferred belongs |
| DOCUMENT NUMBER | Number of payroll or reference document of the transaction |
| TRANSACTION TYPE | Type of transaction reported, whether Debit or Credit |
| SUB TYPE OF TRANSACTION | Sub Type of transaction reported |
| ACCRUAL PERIOD | Year and month of accrual |
| NUMBER OF DAYS CONTRIBUTED | Number of days contributed in the month |
| PAYMENT DOCUMENT TYPE | Based on the Sub Type of transaction reported |
| EMPLOYER NIT | Employer NIT that made the contribution. Will be empty for Independent payments |
| EMPLOYER BUSINESS NAME | Name of the employer that made the contribution |
| MOVEMENT DATE | Date on which the movement is reported |
| DECLARED IBC | Declared Contribution Base Income |
| TRANSACTION AMOUNT | Transaction Amount |
| NUMBER OF QUOTAS | The number of quotas at the time of transfer |
| ELECTRONIC STATEMENT FILE SEQUENCE | This field will start at 1 and will be a sequential number per affiliate and per AFP |
| AFP CODE | Code of the AFP in which the Contribution was received |
| TOTAL DEBIT AMOUNT | Total sum of debits |
| TOTAL CREDIT AMOUNT | Total sum of credits |
| FILE TYPE | The file type code corresponds to the file extension |
| REQUEST NUMBER (1) | Request number with which the balance advance was granted (1) |
| NUMBER OF QUOTAS EQUIVALENT TO BALANCE ADVANCE (1) | Number of quotas delivered as balance advance (1) |
| NUMBER OF QUOTAS REINTEGRATED FROM BALANCE ADVANCE (1) | Number of quotas reintegrated from balance advance (1) |
| PERCENTAGE GRANTED AS BALANCE ADVANCE (1) | Percentage granted as balance advance (1) |
| PERCENTAGE REINTEGRATED AS ADVANCE (1) | Percentage reintegrated as balance advance (1) |
i) FILE OF IDENTITY DOCUMENTS EXCLUDED FROM FUND COMPENSATION
| COLUMN NAME | DESCRIPTION |
|---|---|
| TRANSFER DOCUMENT TYPE | Affiliate transfer request |
| TRANSFER REQUEST NUMBER | Transfer document number to the AFP |
| IDENTITY DOCUMENT | Affiliate's identity document number |
| APPROVAL DATE | Date on which it is approved |
| EFFECTIVE DATE | Date of entry into force |
| EXCLUSION DATE | Date on which exclusion proceeds |
| EXCLUSION CODE | Code referring to the reason why exclusion proceeds |
| CIAP BALANCE AT EXCLUSION DATE | Value of the CIAP balance |
| NUMBER OF QUOTAS AT EXCLUSION DATE | The number of quotas at the time of exclusion |
j) FILE OF IDENTITY DOCUMENTS INCLUDED IN FUND COMPENSATION
| COLUMN NAME | DESCRIPTION |
|---|---|
| TRANSFER DOCUMENT TYPE | Affiliate transfer request |
| TRANSFER REQUEST NUMBER | Transfer document number to the AFP |
| IDENTITY DOCUMENT | Affiliate's identity document number |
| APPROVAL DATE | Date on which it is approved |
| EFFECTIVE DATE | Date of entry into force |
| INCLUSION DATE | Date on which inclusion proceeds |
| INCLUSION PERIOD | Period for which inclusion proceeds |
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- Obligation 233
- Permission 9
- Definition / condition 159
- Reporting template 417
- background, boilerplate
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RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
The links and the sentences they come from (1)
- Supersedes
- 'Technical Standards for Transfers Between Pension Fund Administrators and Transfer of Affiliates Between...' (NSP-32)Not in RegAlert · 2020
“Repeals the 'Technical Standards for Transfers Between Pension Fund Administrators and Transfer of Affiliates Between...' (NSP-32)...”
Mentions (1): 1 document this one mentions without changing it
- Refers to
“That by Legislative Decree No. 614, of December 20, 2022... the Comprehensive Law of the Pension System was issued.”
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