Accumulating or monthlyizing them is one of the decisions made by the worker who is in a dependency relationship.
The reserve funds are generated by the employee after serving more than a year with the same employer and are deposited in the Ecuadorian Social Security Institute (IESS). If you do not decide on your savings, 8.33% of the contribution remuneration will be paid.
These are the ten procedures for which you need to take a virtual shift at the IESS
In order to withdraw the accumulated funds, you must have 36 monthly contributions (that is, three years of accumulation). There you can request the total withdrawal or part of them.
Between three and five business days, the amount must be credited to the account registered in the system, as specified by the IESS.
This way you can find out if your employer has a debt with the IESS and how much it amounts to
If the affiliate was terminated from his job, he must wait two months to be able to request them.
Steps to request withdrawal of reserve funds
- Enter the IESS portal and go to Virtual Procedures
- Choose the Insured option and then Affiliates
- Click Reserve Funds.
- Enter your ID number and IESS password.
- Select Reserve Fund Consultation and then Reserve Fund Refund Request.
- Click OK. (I)
Source: Eluniverso
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