Regulatory Alerts2022-12-30 | NSP-45Added · Updated
Technical Standards for Qualifying Invalidity and Determining Serious Illness for Pension Benefits
The Central Reserve Bank of El Salvador issued these Technical Standards to regulate the Invalidity Rating Commission's procedures for evaluating invalidity degrees and serious illnesses under the General Pension System Law. The norms define specific medical and administrative terms, establish the Commission's composition of three doctors, and set eligibility thresholds, including a 50% loss for partial invalidity and greater than 66.6% for total invalidity. They also mandate a 15-business-day validation period for serious terminal illness rulings and require Pension Fund Administrators and social security institutes to comply with these evaluation protocols.
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