The affiliate can accumulate or monthlyize his reserve fund.
The reserve fund is a benefit that the employee has that he is affiliated with social security and that he has provided his service for more than one year to the same employer.
This corresponds to 8.33% of the contribution remuneration. Members who choose not to save the fund in the Ecuadorian Institute of Social Security (IESS), receive together with the salary or remuneration, a value equivalent to 8.33% of the contribution remuneration.
On the contrary, if the member decides that the employer deposits the monthly value of the reserve fund in the IESS, you must apply for your accumulation. In this case, the employer will deposit in the IESS, monthly, 8.33% of the contribution remuneration, together with the monthly contribution form.
If the employer does not pay the reserve fund within the first fifteen days of the month following the corresponding one, it causes arrears with the applicable surcharges and fines.
Take into account that once the request for monthly accumulation is registered and accepted, this cannot be canceled until the deadline established. On the other hand, if you qualify, you can withdraw your funds in part or in full, depending on your discretion or need.
How to check my IESS reserve funds?
- Enter the page of the Ecuadorian Institute of Social Security (IESS).
- Click Affiliates and then Online Services.
- Select Reserve Funds.
- Enter your ID number and IESS password.
- Choose Consult Reserve Fund and from there Individual Account Reserve Fund.
The respective information on the value that has been accumulated will also appear if you meet the requirements for withdrawal.
Requirements to withdraw reserve funds:
- Have values available.
- Not have debts in arrears with the IESS-BIESS.
- Maintain 36 contributions of reserve funds.
- The member who ceased his job must wait 2 months from the date of termination.
- Retired affiliates or those over 60 years of age: If they have securities available, they can withdraw at any time.
- Active retired member under 60 years of age: Must meet the active member rule.
- Affiliates who complete 40 years of service and are under 60 years of age: If they have available securities, they can withdraw at any time.
- Maintain an active bank account in the national financial system, register it and validate it in the IESS.
To make your reserve funds withdrawal request you must:
What benefits are lost when retiring with the IESS
How to validate the medical certificate at the IESS
The IESS will credit the resources of the reserve fund within three working days, starting the day after the member’s request.
Documents for deceased member
- Death Certificate (original)
- Copy of identity card of the deceased member
- Marriage Certificate (original)
- Copies of identity cards of the spouse and children of legal age and minors
- Bank certificate of all eligible beneficiaries
- Effective possession or certified copy (I)
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