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Guillermo Lasso proposes a savings fund for Social Security

The delicate financial situation of the Ecuadorian Institute of Social Security worries the government mainly due to negative projections to cover the pension fund and health care.

It was in the international chain CNN in Spanish, where President Guillermo Lasso, raised a proposal and has to do with state assets.

Lasso specified that will create a fund for 10 years to cover the actuarial deficit.

But How feasible is it to create a fund in which resources are saved to sustain social security finances?, experts respond.

Y believe that it is essential that these resources are managed with great caution and no corruption involved.

So far, an exact amount of the tax has not been defined. debt that the State maintains with the social security health fund. However, experts point out that could reach five billion dollars.

To that is added the delay in the payment of the 40 percent contribution to the pension fund that the State must make each year and that already exceeds 1,500 million. The economic crisis came due to the pandemic and the debts with the IESS continued to increase.

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