Every month a worker in a dependency relationship gives part of his money to the Ecuadorian Institute of Social Security, however, this is not the value that the institution receives.
The contribution to Social Security is made up of two creditors, the employer and the employer.
In the case of the private sector worker and in a dependency relationship, the percentage that the IESS receives is 20.60% of their remuneration, the employer must contribute 11.15% while the employee contributes 9.45%.
This is how you can consult and withdraw the IESS reserve funds
For a person to know how much will be deducted for the institution, they must multiply their salary by 9.45 and divide that result by 100, which will give the worker’s contribution. For example, if a person has a salary of $800, his contribution will be $75.60.
In the case of voluntary affiliates, they must contribute 17.60% of the basic salary.
It is an obligation of the employer to send the money to the IESS after having deducted his worker or else they can lead to fines. (YO)
Source: Eluniverso
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