Regulatory Alerts2022-12-30 | NSP-50Added · Updated
Technical Standards for the Granting of Survivorship Benefits in the Pension System
The Committee of Norms of the Central Reserve Bank of El Salvador issued technical standards establishing procedures for Pension Fund Administrators to grant survivorship benefits under the Integrated Pension System Law. The document mandates specific contribution requirements for deceased affiliates, such as three years of contributions in the prior five years, and defines eligibility criteria for spouses, children, and economically dependent parents. It further regulates the publication of deceased affiliate lists, the handling of Individual Savings Account balances, and the documentation required for benefit requests.
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