Regulatory Alerts2022-12-30 | NSP-49Added · Updated
Technical Standards for the Granting of Disability Benefits in the Pension System
The Committee of Standards of the Central Bank of Reserve of El Salvador issued these standards to establish procedures for Pension Fund Administrators regarding disability benefits under the Comprehensive Law of the Pension System. The document defines eligibility requirements, including specific contribution thresholds such as three years of contributions within five years or ten years of effective contributions, and mandates that benefits be calculated as a percentage of the Regulated Basic Salary. It further regulates the application process, required documentation, and the roles of the Qualifying Commission for Disability in assessing partial and total disability cases.
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