Regulatory Alerts2022-12-30 | NSP-69Added · Updated
Technical Standards for the Granting of Pecuniary Benefits for Common Disability in the Public Pension System
The Committee of Norms of the Central Reserve Bank of El Salvador issued these standards to establish procedures for granting common disability benefits to affiliates of the Salvadoran Institute of Social Security and the Salvadoran Institute of Pensions. The document defines total, partial, and great disability thresholds, requiring a loss of work capacity of at least two-thirds, fifty percent, or two-thirds with loss of basic life functions, respectively. It mandates specific contribution periods, such as three years within five prior years or ten years total, and sets a five-business-day deadline for institutes to forward qualification applications to the Invalidity Qualifying Commission.
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