On April 7 of this year, the Ad Hoc Commission of the Legislative Assembly of El Salvador that studies reforms to the pension system, issued a favorable opinion allowing affiliates over 40 years old, once the law formation process is complied with, may in the short term request the withdrawal of their advance balance.
Said reform establishes that the only requirement to request an advance of up to a maximum of 25%, would be that the affiliate has a minimum of 10 years of contributions.
An increase in the annual interest rate of the Pension Investment Certificates is also established, it would be sought that by 2027 the savings of the affiliates are not at an interest less than 5%.