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News > Ecuador

Lenin Moreno's 'Social Deal' Could Raise Retirement Age to 70

  • Paul Granda (R) greets President Lenin Moreno (L) at the Government headquarters in Quito, Ecuador, May 16, 2018.

    Paul Granda (R) greets President Lenin Moreno (L) at the Government headquarters in Quito, Ecuador, May 16, 2018. | Photo: EFE

Published 11 April 2019

President Lenin Moreno's delegate to the Social Security Board warns about the need to change worker's payment time.

The Ecuadorian Social Security Institute (IESS) Board of Directors chairman, Paul Granda, indicated that the 'National Agreement for Social Security' will discuss increases in the retirement age as well as payments for public health care to children under 18 years old.

Ecuadoreans March Against Neoliberal Policies

"[Ecuador's] retirement age is 60. The average age in Latin America is 65 and [the average is] between 67 and 70 in Europe because life expectancy has risen over there. In Ecuador, men's life expectancy is 80 and women's is 83," Granda said and added that "then, evidently, we have to analyze this issues in such a way that allows us to increase the affiliate's compulsory payments time."

The El Oro Province's Popular Front president Jessica Gonzalez questioned Granda's statements about the need for workers to retire when they reach 70 years of age and 30 years of payments.

"What the Government seeks for our people is to die without receiving a cent of retirement and wants also to continue managing the IESS financial resources," she said, adding that this type of measure responds to requests from the International Monetary Fund and the interests of the businessmen who seek to discredit the public health services to favor private clinics.

"This happens when the neoliberal right hands over to the IMF and applies its prescriptions. Ecuador lives dark times of the Nebot-Morenism government: retirement at 80 years but there is no work for young people. It is up to us to continue allowing this. Everyone on the streets! Get out Moreno!" The cartoon reads "How old are you? ... 80 .... So you can retire now."

Gonzalez described Granda as "a persona non grata" for the working classes and called on the Ecuadorian people to join in Labor day marches (on next May 1), which will be the first steps towards a national-wide strike.

President Moreno's delegate to the Social security Board also brought about citizen's criticisms because he used inaccurate data during a radio interview.

According to the Inter-American Development Bank (IDB) data, the Latin American average retirement age is 62 for men and 60 for women. Currently, men retire at 65 years-old in Brazil, Chile and Peru. 

On the other hand, Ecuadorian life expectancy is 73.6 years for men and 79.1 years for women, according to World Bank data.

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