Regulatory Alerts2018-02-02 | NSP-05Added · Updated
Technical Standards for the Determination of Necessary Technical Capital and Generation of Mortality Tables
The Committee of Standards of the Central Reserve Bank of El Salvador issued these standards to establish technical specifications for calculating necessary technical capital and generating mortality tables for Pension Fund Administrators. The document mandates specific actuarial formulas and parameters for determining capital requirements for disability, survivorship, and old-age pensions, repealing previous instructions from the Superintendence of Pensions. It sets a 4% applicable interest rate for mortality table generation, subject to review every three years, and establishes an effective date of February 9, 2018.