Through Resolution CD 300, the Ecuadorian Social Security Institute (IESS) established the minimum and maximum values that a person can receive when accessing retirement.
In order to be able to access the pension, it is necessary to meet the required age and years of contributions, ranging from 10 to over 40 years.
This is how much you will receive monthly from IESS if you retire
Old-age pension is recognized from the first day of the following month in which the insured left the job or jobs. Among the requirements that must be met in order to generate an application is the absence of loans in arrears with the institution, as well as meeting conditions with a minimum age and seniority, such as:
For a retiree with 30 years of contributions, he will receive a minimum pension of $315 and a maximum of $2,025.
The IESS specified that in 2023 the average monthly pension paid is USD 700.99.
Source: Eluniverso
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