The Ecuadorian Institute for Social Security (IESS) has announced the start of institutional improvement through the optimization of human talent. He did so this morning this Tuesday, January 2, through his official channels.

The entity, which currently has more than 34,000 employees across the country, indicated that the start of this process will allow it to adequately and timely comply with the benefits that correspond to the law and in an attempt to ensure the interests of members and others. users.

For the first time, IESS and the state are having liquidity problems at the same time, putting members and pensioners at risk

“The fundamental goal is to protect institutional resources, since there are currently more than 34,000 employees. The measures that will be adopted are necessary, timely and will not affect the health services and benefits provided by the institution”, the IESS announced.

The entity has around 3.5 million members and 600,000 pension beneficiaries. However, contributions are not enough to maintain pensions: there is a deficit of at least 2.5 billion dollars, and the payment of 40% of pensions that the state must make by law has not been fully met. IESS closed the year 2023 with accounts in the red and an unprecedented problem, a shortfall in cash that cannot be covered by the Government, which also has problems with resources.

According to the execution of the budget of the Ministry of Economy and Finance, on December 27, IESS had a codified budget of 2,217.8 million dollars for contributions for general insurance, professional risk insurance and social insurance of peasants. By that date, $2,073.8 million was due, but only $899.5 million was paid. Therefore, 1,174.3 million dollars corresponding to the year 2023 have not been paid to IESS.

In the meantime, expecting the submission of protective measures to contradict this decision, the IESS indicated that “it will act in accordance with the statements and decisions of the Constitutional Court, in meeting the presented protective measures, respecting the rights of citizens”.