New arrivals – January 14, 2019

In recent days it became known through the resolution of the Executive Presidency of the Nicaraguan Institute of Social Security (INSS) that, after an adjustment of 10.04 percent, in 2019 the maximum salary to determine the contribution of affiliates with high salaries will be it rises to 96,841.56 córdobas per month; resolution that raises the amount of the maximum quotable salary by 158 percent and that came into force as of January 1, 2019.

According to Article 16 of the reform to the Social Security Law, which came into effect in January 2014, "the invoicing of worker-employer contributions will be made by applying the percentage established by the Regulations of the Social Security Law, on the remuneration received by the insured during the month”; and the maximum amount of the retirement pension remains at $1,500 per month.

For more information you can contact us at abarquero@latinalliance.co