Technical Standards for the Management of Pension Arrears, Omissions and Inconsistencies in Contributions in the Pension System

CNBCR-11/2022
NSP-55
TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS IN THE PENSION SYSTEM Approval: 12/30/2022 Validity: 12/30/2022

THE COMMITTEE OF NORMS OF THE CENTRAL BANK OF RESERVE OF EL SALVADOR, CONSIDERING:
I. That by Legislative Decree No. 614, of December 20, 2022, published in the Official Journal No. 241, Volume No. 437 of the 21st of the same month and year, the Comprehensive Pension System Law was issued.
II. That article 21 of the Comprehensive Pension System Law states that contributions must be declared and paid by the employer, the independent worker, or the entity paying disability subsidies for illness, as applicable, at the Administrator where each worker is affiliated.
III. That article 22 of the Comprehensive Pension System Law establishes in its last paragraph that the procedure to be followed for the treatment and cleaning up of the omissions and inconsistencies referred to in said article, will be defined in the technical standards issued for such purposes.
IV. That article 23 of the Comprehensive Pension System Law establishes that Administrators are obliged to initiate administrative collection proceedings in order to require employers to pay arrears in contributions.
V. That article 24 of the Comprehensive Pension System Law establishes in its last paragraph that for the purposes of the development of judicial collection actions, a technical standard will be issued in which the procedure to be followed to execute them will be indicated.
VI. That article 159 of the Comprehensive Pension System Law establishes that the Central Bank of Reserve of El Salvador will issue the Technical Standards necessary to allow the development of what is established in the aforementioned Law.

THEREFORE, by virtue of the regulatory powers conferred by article 99 of the Law on Supervision and Regulation of the Financial System, AGREES to issue the following:

TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS IN THE PENSION SYSTEM

CNBCR-11/2022
NSP-55
TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS IN THE PENSION SYSTEM Approval: 12/30/2022 Validity: 12/30/2022

CHAPTER I
OBJECT, SUBJECTS AND TERMS

Object
Art. 1.- These Standards aim to regulate the procedure to be followed for the treatment and cleaning up of omissions and inconsistencies in the declarations and payment of pension contributions that may arise, as well as the procedure to be followed to execute collection actions, both administrative and judicial, that may derive from them.

Subjects
Art. 2.- The subjects obliged to comply with the provisions established in these Standards are the following pension institutions:
a) Pension Fund Administrators; b) Salvadoran Institute of Pensions; and c) Salvadoran Institute of Social Security.

Terms
Art. 3.- For the purposes of these Standards, the terms indicated below have the following meaning:
a) AFP: Pension Fund Administrator; b) Central Bank: Central Bank of Reserve of El Salvador; c) CIAP: Individual Savings Account for Pensions; d) Identity Document: It may be the Unique Identity Document, Minor's Card, Passport or Resident Card, as applicable; e) DUI: Unique Identity Document; f) Overpayments: Values generated in the system after a crediting process, with evidence that the employer overpaid in the payroll, as a result of calculation errors; g) INPEP Affiliation Number: Number issued by the National Institute of Pensions of Public Employees to its affiliates, prior to the entry into force of the Law Creating the Salvadoran Institute of Pensions; h) ISSS: Salvadoran Institute of Social Security; i) IBC: Contribution Base Income; j) Shortfalls: Debt generated in the system after a crediting process, with evidence that the employer submitted payrolls with calculation errors; k) Pension Institutions: For the purposes of these Standards, Pension Institutions are Pension Fund Administrators, the Salvadoran Institute of Social Security, and the Salvadoran Institute of Pensions; l) Pension Institutes: For the purposes of these Standards, Pension Institutes are the Salvadoran Institute of Social Security and the Salvadoran Institute of Pensions; m) SP Law: Comprehensive Pension System Law; n) Ministry of Labor: Ministry of Labor and Social Welfare; o) NIT: Tax Identification Number; p) SP: Pension System; q) Repealed; and (2) r) Superintendence: Superintendence of the Financial System.

CHAPTER II
GENERALITIES OF THE OBLIGATION TO PAY CONTRIBUTIONS TO THE PENSION SYSTEM

Mandatory contributions
Art. 4.- During the validity of the labor relationship, workers and employers must make contributions monthly and mandatory to the SP in accordance with what is established in article 13 of the SP Law. The contribution rates for workers and employers will be those indicated in article 16 of the SP Law. Each employer will report to the Pension Institutions all affiliates under their labor subordination, in the pension contribution payroll, which must be declared -84), approved by the Central Bank through its Committee of Norms. Any declared payroll that is unpaid or has a payment shortfall will constitute arrears in contributions. (2)

Payment deadline for contributions
Art. 5.- The declaration and payment must be made within the first ten business days of the month following that in which the affected income was accrued, or that in which the medical license was authorized by the corresponding entity, as applicable. shortfalls and declared but unpaid, payrolls with inconsistencies and omissions, in accordance with (NSP-40), in the Pension Fund and when the recovery of the same is carried out, the respective amounts will be transferred to the individual accounts of the Pension Fund. (1)

Omissions in pension declarations
Art. 6.- An omission in the declaration and payment of pension contributions will be considered to exist when the employer does not comply with this obligation within the legal deadline, for one or more workers, regarding those included in the payroll of a previous accrual month, without having informed the corresponding Pension Institution of changes in the labor relationship. In the event that there are non-compliance with the obligation to present the declaration and payment of contributions established in the first paragraph of this article, the procedure will be carried out in accordance with what is provided in letters a) and b) of article 143 and what is provided in article 146 of the SP Law. (1) The fines and interest that apply will form part of the resources of the Pension Fund in accordance with what is established in article 77 of the aforementioned Law and -40).

Inconsistencies in pension declarations
Art. 7.- Inconsistencies in pension contributions will be considered to exist when the information declared in the payroll by the employer does not allow the crediting of contributions in the individual accounts for AFPs and in the work history for Pension Institutes.

Lost profitability
Art. 8.- Lost profitability will be calculated in accordance with what is established in the Technical Standards for the Management of Current Accounts and the Operation of the Collection, Crediting and Information Transmission Process to Affiliates of the System -51), approved by the Central Bank, through its Committee of Norms.

CHAPTER III
OMISSIONS AND INCONSISTENCIES

Art. 9.- Pension Institutions must determine the omissions and inconsistencies of the payrolls declared by employers. To do this, they must implement validations, alerts, and reports that are necessary to determine them without room for error. Art. 10.- Once the crediting process of contributions is finished, Pension Institutions must generate monthly individual reports per employer, containing information related to omissions and inconsistencies derived from the declared payrolls. In case of omissions or inconsistencies, Pension Institutions must notify employers, within a maximum deadline of twenty business days counted from the finalization of the crediting period carried out by the Pension Institutions. Employers will have a maximum deadline of ten business days after notification, to completely remedy the omissions or inconsistencies, which must be proven with the payment receipt or another means that guarantees the non-existence of the omission or inconsistency of the declaration and payment of the pension payroll. The notice to employers must contain the general details of the employer, the affiliate for whom no declaration has been made, and the periods corresponding to the omission or inconsistency. Any notification that Pension Institutions carry out may be done through any means, including written, electronic, telephone, or others, as long as they are subject to verification or there is evidence of notification. Art. 11.- Pension Institutions will notify the Ministry of Labor quarterly about employers who, during the quarter elapsed since the last notification, have not provided information to remedy such omissions or inconsistencies, requesting that it proceed to carry out the corresponding inspection, in accordance with the Law on Organization and Functions of the Labor and Social Welfare Sector, in order to determine possible non-compliance with the declaration and payment of pension contributions. The notification may be carried out through the means that said Ministry makes available. In case of determining non-compliance, the Ministry of Labor within the deadline of twenty business days counted from the day following the respective inspection, must issue a certification to the Pension Institutions and the Superintendence, containing the same information as the contribution payrolls, so that the Pension Institutions process the information contained in said certification and determine the debt within a deadline of twenty business days counted from the receipt of the certification, notifying within the following ten business days to the employers so that they proceed to make the declaration and payment of the owed contributions. Employers will have a maximum deadline of ten business days after notification, for the declaration and payment of the respective contributions. Communication to the Ministry of Labor Art. 12.- Pension Institutions will provide the Ministry of Labor with complete and sufficient information about employers
who have not remedied the omissions and inconsistencies, detailing at minimum the following information:
a) Regarding employers: type of person (natural or legal), full name or trade name, DUI in case of natural person, full name of the legal representative in case of companies, NIT and ISSS patron number, full address, telephone numbers, and email; and

b) Regarding affiliated workers: full name, type and number of identity document, ISSS affiliation number or INPEP affiliation number, IBC, detail of the omitted periods or with inconsistencies.

Art. 13.- Pension Institutions must carry out said notifications through the means designated by the Ministry of Labor during the last five business days of the months of March, June, September, and December of each year, as indicated in the following table:
Period to report
Date of notification to the Ministry of
Labor / last five business days
January to March June
April to June September
July to September December
October to December March
In case the employer makes the payment of pension contributions in accordance with what is established in these Standards, Pension Institutions will proceed to remove them from the list of files to be notified to the Ministry of Labor, or in case the information has already been sent to the Ministry of Labor and the employer pays the pension contributions, Pension Institutions must notify said situation to said Ministry.

CHAPTER IV
ADMINISTRATIVE COLLECTION

Art. 14.- Pension Institutions are obliged to initiate administrative collection proceedings, in order to require employers to pay arrears in contributions, in the following situations:
a) When an employer has declared and failed to pay the pension contribution payroll in total or partially; or b) When Pension Institutions have registered pending pension contributions, resulting from the procedures established in Chapters II and III of these Standards. For the aforementioned situations, Pension Institutions must initiate administrative collection proceedings within a maximum deadline of thirty business days, counted from the finalization of the payroll crediting period or from the date of closing of the accounting month, respectively. The administrative collection process will be temporarily suspended when, having carried out the necessary proceedings by the Pension Institutions, it has not been possible to locate the employer who has not complied with the obligations to pay pension contributions. Pension Institutions may request updated information from the Ministry of Finance regarding the employer's address and Tax Identification Number, who will be obliged to provide said information for such purposes. The collection management will be resumed upon learning of the employer's location. Art. 15.- To carry out administrative collection proceedings, Pension Institutions may use any legal means they deem convenient, in order to recover the pension debt, in accordance with the applicable Law. The collection management must refer to the total pension debt of the employer.

Art. 16.- To initiate the administrative collection procedure, Pension Institutions must inform the employer, under acknowledgment of receipt, about the non-compliance with payment within the legal deadline, specifying the unpaid periods. Any notification that Pension Institutions carry out may be done through any means, which can be written, electronic, telephone, among others, as long as they are subject to verification or there is evidence of receipt. Repealed. (2) Repealed. (2) Art. 17.- The employer must present within a deadline of five business days counted from the day following the notification, evidence of defense or the respective contribution payroll duly canceled. In case of presenting evidence of defense, they will be accepted by the Pension Institutions, only if attached are reliable documents supporting the observations. If evidence of defense duly supported by the employer has been presented, the Pension Institutions must resolve on them within a deadline of five business days subsequent to receiving the evidence, and if collection proceeds, the employer must prepare a complementary payroll, which may be presented and -84), approved by the Central Bank through its Committee of Norms, which includes the declaration of those workers whose contribution was omitted or incorrectly reported in their original declaration, and the amount of lost profitability will be included in the payment receipt generated by the same system. (2) Art. 18.- Pension Institutions must inform employers that the Superintendence will make available, through the Risk Central, information regarding employers who register non-compliance with their obligation to declare and pay pension contributions, as established in article 21 of the SP Law. Likewise, they must inform employers of the conditions established in article 22 of the aforementioned Law and of the deadline with which they will have to make the declaration and payment of the owed contributions.

Grounds for exhaustion of administrative collection Art. 19.- It will be understood that administrative collection proceedings have been exhausted in the following situations:
a) When the employer, within a deadline not greater than ninety days after the initiation of collection proceedings, has not made any payment towards the debt of contributions that are pending payment; b) When the employer, having committed to make the payment of the owed contributions through any legally permitted means, has failed to do so continuously for two months; or c) When, having been required to comply with the payment of contributions paid in amounts lower than what corresponds, the employer does not respond or refuses to comply with its obligation within a maximum deadline of ninety days after the initiation of the first administrative collection proceeding. Once the administrative collection management is exhausted without having recovered the owed sum, the Pension Institutions, legitimized by virtue of the law, will initiate the judicial collection procedure. The judicial collection process will proceed in accordance with what is provided in article 24 of the SP Law and the provisions of the Civil and Commercial Procedural Code. In no case will it be necessary for the Pension Institutions to exhaust the maximum deadline contemplated above, being able to initiate the judicial collection procedure at the moment they deem most convenient, unless during the same the employers commit to making the payment of the arrears in contributions, leaving the ninety-day deadline interrupted while it lasts and is complied with. For the initiation of the judicial action, it will not be necessary to prove that administrative collection proceedings have been carried out. To said processes, only various claims of the same nature, against the same employer, may be accumulated. In the case that the arrears in contributions correspond only to net commissions of the AFP, it may desist from carrying out collection actions. The forgiveness of this debt must be duly documented. Art. 20.- Once the deadline for the administrative collection of pension arrears has expired and the owed sum has not been recovered, the Pension Institutions must initiate the corresponding legal actions, in accordance with what is established in article 24 of the SP Law.

Art. 21.- Arrears in contributions attributable to the employer may be paid directly by the affiliate, or by their beneficiaries in case of the affiliate's accident, as long as it is demonstrated that there was a labor dependency relationship; in such cases, the affiliate or their beneficiaries will pay the necessary contributions at nominal value, to access a benefit in accordance with what is established in the SP Law, without prejudice to the sanctions that could be applied in accordance with articles 143, 144, 145, and 146 of the SP Law and the legal actions that could be incorporated against the employer. The payment of contributions referred to in the previous paragraph may be made through the mechanisms established by the Pension Institutions, carried out by the claimant or beneficiaries, in any case these contributions cannot be reduced from the debt that the employer has. Art. 22.- Pension Institutions must keep a detailed control per employer, of the administrative and judicial collection proceedings they execute, as well as the recovery they obtain from pension arrears; including the information requests they make to the Ministry of Finance, to update the records of employers.

CHAPTER V
INCONSISTENCIES DUE TO ERRORS IN THE PENSION CONTRIBUTION PAYROLL

Definition
Art. 23.- Errors in the pension contribution payroll may occur when an IBC that does not correspond to the affiliate is declared or due to errors in the preparation of the payroll. (1) Payment shortfalls Art. 24.- For the crediting of a payroll with payment shortfall, AFPs Current Accounts and the Operation of the Collection, Crediting and Information Transmission Process to Affiliates of the System -51) and for the case of pension institutes in accordance with the Technical Standards for the Collection and Crediting of Contributions to the Public Pension System (NSP-52) approved by the Central Bank, through its Committee of Norms. If the legal deadline established for the payment of the payroll has elapsed and the employer does not remedy the notified issue, the Pension Institutions will proceed in accordance with what is established in Chapters III and IV of these Standards.

CNBCR-11/2022
NSP-55
TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION SYSTEM ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS Approval: 12/30/2022 Validity: 12/30/2022

CHAPTER VI
PAYMENT AND CREDITING OF A DECLARED AND PAID SHEET OUTSIDE THE LEGAL DEADLINE

Art. 25.- To make the payment of a sheet presented outside the established period, the employer must previously have prepared it in accordance with what is established in the Technical Standards for the Implementation of the Unique Sheet System in the Pension System (NSP-84), approved by the Central Bank through its Standards Committee, and must generate the payment receipt through said System prior to making the payment. (1) (2)

In the case of sheets presented prior to the Technical Standards for the Implementation of the Unique Sheet System in the Pension System (NSP-84), approved by the Central Bank through its Standards Committee, employers may request the issuance of the Payment Order for Collection, through the means that the Pension Institutions make available, on the day that the payment of the arrears will be made, which must contain as a minimum the aspects contemplated in Annex No. 1 of these Standards. If the employer does not appear to pay on the day indicated in the order, they must request a new order, establishing the day on which they plan to execute the owed payment. (2)

Art. 26.- For AFPs, the process of crediting a declared and paid sheet outside the legal deadline will be carried out in accordance with the procedure established in the Technical Standards for the Management of Current Accounts and the Functioning of the Collection, Crediting, and Information Transmission Process to Affiliates of the Pension System (NSP-51), approved by the Central Bank through its Standards Committee, and in the case of Pension Institutes, in accordance with what is established in the Technical Standards for the Management of the Public Pension System (NSP-52), approved by the Central Bank through its Standards Committee.

CHAPTER VII
OTHER PROVISIONS AND VALIDITY

Risk Central
Art. 27.- The Superintendence will make available through the Risk Central, information regarding employers who register non-compliance with their obligation to declare and pay pension contributions.

With the objective of complying with the provisions of the Law on Acquisitions and Public Administration Contracts regarding the solvencies required for contracts and subcontracts, the Superintendence will provide this information to the Normative Unit of Acquisitions and Contracts of the Public Administration.

Inspections carried out by the Ministry of Labor Art. 28.- If from the inspections carried out by the Ministry of Labor it is determined that the employer has persons under a labor subordination relationship who do not have affiliation to the Pension System, despite the obligation imposed by the Law, said Ministry is authorized to order the employer to affiliate the workers found in the aforementioned situation, in accordance with what is provided in article 22 of the SP Law. Likewise, the employer must comply with what is ordered by the Ministry within the peremptory deadline of ten business days following the respective notification, having to affiliate the workers in accordance with what is established in said article.

Solvency or pension constancies for employers (2) Art. 28-A.- AFPs must extend solvencies or constancies, as the case may be, to employers who so request, in accordance with the formats presented in Annexes Nos. 2, 3, 4 and 5 of these Standards. (2)

The aforementioned documents will have validity if they meet the following requirements: (2)

For printed or physical formats: (2) a) Be on letterhead paper; (2) b) Contain the original handwritten signature of the responsible person designated by the AFP; and (2) c) Contain the AFP's seal. (2)

For digital format issuance: (2) a) Contain the electronic signature of the responsible person designated by the AFP; and (2) b) Contain the digital seal of the AFP. (2)

Likewise, with the objective of strengthening the authenticity and security of pension solvency or constancy documents, the aforementioned requirements may be replaced with the implementation of a QR code that allows verifying their validity digitally. This code will guarantee that the document has been generated directly by the corresponding pension institution, using advanced security mechanisms exclusive to the institution. This measure will ensure that the document has not been altered and that its origin is reliable, providing greater confidence to both affiliates and the entities receiving it. (2)

Repeal
Art. 29.- Technical Standards for the Management of Pension System Arrears, Omissions and Inconsistencies in Contributions in the Pension Savings System (NSP-19), approved on the twenty-fourth of April of two thousand nineteen, by the Standards Committee of the Central Bank of Reserve of El Salvador.

Sanctions
Art. 30.- Non-compliance with the provisions contained in these Standards will be sanctioned in accordance with what is established in the Law on Supervision and Regulation of the Financial System.

Transitory
Art. 31.- Pension Institutions will have a period of 90 days to make the corresponding adjustments related to the substitution of the Unique Pension Number by the Identity Document Number in Systems, forms or others where this change applies.

Unforeseen Aspects
Art. 32.- Aspects not provided for in regulatory matters in these Standards will be resolved by the Standards Committee of the Central Bank of Reserve of El Salvador.

Validity
Art. 33.- These Standards will enter into force from the thirtieth of December of two thousand twenty-two.

MODIFICATIONS:
(1) Modifications to articles 5, 6, 23, 25 and Annex No. 1 approved by the Standards Committee of the Central Bank in Session No. CN-02/2023 of March 17, 2023, with validity from April 3, 2023.

(2) Modifications in articles 3, 4, 16, 17 and 25 and incorporation of article 28-A and Annexes Nos. 2, 3, 4 and 5, approved by the Standards Committee of the Central Bank in Session No. CN-08/2025, of the thirtieth of September of two thousand twenty-five, with validity from the fifteenth of October of two thousand twenty-five.

CNBCR-11/2022
NSP-55
TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION SYSTEM ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS Approval: 12/30/2022 Validity: 12/30/2022

Annex No. 1
MINIMUM CONTENT OF THE PAYMENT ORDER FOR COLLECTION

a) Header:
i. Correlative number (established by the AFP);
ii. Identification of the AFP (Logo, Name of the AFP);
iii. Establish the Debt Sheet No.: and
iv. Establish the Late Paid Sheet No.
b) Employer identification:
i. Name or trade name; and
ii. Tax Identification Number (NIT).
c) Value or amount to cancel:
i. Mandatory Contributions;
ii. Repealed; (1)
iii. Foregone profitability;
iv. Total amount owed; and
v. Last payment date at banks for the payment order. Pension Institutions must provide a payment reference number so that the sheet to be paid is identified unequivocally. (1)
Establish signature of official authorized by the AFP and seal of the Institution.
Original will be provided to the employer and copy to the AFP.

CNBCR-11/2022
NSP-55
TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION SYSTEM ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS Approval: 12/30/2022 Validity: 12/30/2022

Annex No. 2 (2)
PAYMENT SOLVENCY IN CASE OF EXISTING AFFILIATE REGISTRY

SOLVENCY
The Pension Fund Administrator (name of the AFP), S.A., certifies:
That the employer (employer's name), with tax identification number (NIT) 0000-000000-000-0, has canceled its pension obligations with the Pension Fund that we administer up to the month of (last accrued period paid) and, consequently, is solvent with the contributions declared up to the aforementioned period. This solvency is valid until the 17th business day of the following month of issuance. (City name), on the 00 days of the month of XXXXXXXXXX of two thousand 00. __________________________________________ Signature of the Responsible Person designated by the AFP

AFP LOGO
SEAL
AFP

CNBCR-11/2022
NSP-55
TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION SYSTEM ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS Approval: 12/30/2022 Validity: 12/30/2022

Annex No. 3 (2)
CONSTANCY IN THE CASE OF NO EMPLOYER REGISTRY

CONSTANCY
The Pension Fund Administrator (name of the AFP), S.A., certifies:
That the employer (employer's name), with tax identification number (NIT) 0000-000000-000-0, is not registered in the employer database that this AFP possesses, due to pension contribution declaration sheets never having been received. This constancy is valid for thirty days from its date of issuance. And for the uses deemed convenient, this constancy is extended in (city name), on the 00 days of the month of XXXXXXXXXX of two thousand 00. __________________________________________ Signature of the Responsible Person designated by the AFP AFP LOGO SEAL AFP

CNBCR-11/2022
NSP-55
TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION SYSTEM ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS Approval: 12/30/2022 Validity: 12/30/2022

Annex No. 4 (2)
CONSTANCY IN THE CASE OF NO AFFILIATE REGISTRY

CONSTANCY
The Pension Fund Administrator (name of the AFP), S.A., certifies:
That the employer (employer's name), with tax identification number (NIT) 0000-000000-000-0, to this date and according to our records, does not present affiliates with this AFP and the last declaration and payment period corresponds to (month and year). This constancy is valid for thirty days from its date of issuance. And for the uses deemed convenient, this constancy is extended in (city name), on the 00 days of the month of XXXXXXXXXX of two thousand 00. __________________________________________ Signature of the Responsible Person designated by the AFP

AFP LOGO
SEAL
AFP

CNBCR-11/2022
NSP-55
TECHNICAL STANDARDS FOR THE MANAGEMENT OF PENSION SYSTEM ARREARS, OMISSIONS AND INCONSISTENCIES IN CONTRIBUTIONS Approval: 12/30/2022 Validity: 12/30/2022

Annex No. 5 (2)
CONSTANCY IN THE CASE OF EMPLOYERS BENEFITED BY THE LAW ON INDUSTRIAL AND COMMERCIAL FREE ZONES

CONSTANCY
The Pension Fund Administrator (name of the AFP), S.A., certifies:
That the employer (employer's name), with tax identification number (NIT) 0000-000000-000-0, owes to date in concept of pension contributions:
Declarations and non-payment: $_________
Insufficiencies $_________
Total debts $_________ does not include late payment surcharges.
Inconsistencies for undeclared contributions $_________ In process of purification.
The aforementioned employer has expressed unilaterally their commitment to cancel said obligations through monthly payments every ____ of the month and ends on ________ of 20__, in addition to the purification of inconsistencies for undeclared contributions presented to date. What is expressed above is being complied with to this date in the manner established by the Employer. This constancy is valid until the day _________________ and is extended for the uses deemed convenient. (city name), on the 00 days of the month of XXXXXXXXXX of two thousand 00. __________________________________________ Signature of the Responsible Person designated by the AFP NOTE: The above does not mean an extension of the deadline regarding future pension obligations that are generated monthly, nor does it release the employer from the procedural actions contemplated in the Integral Law of the Pension Savings System, the Labor Code, and the Penal Code. AFP LOGO SEAL AFP