Amendment to the Elementary School Teachers' Health and Social Assistance Fund Status
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law changes the rules for elementary school teachers leaving the Health and Social Assistance Fund. If they have paid into the fund for at least 120 months, they can request their contributions back with legal interest, instead of receiving retirement benefits. Alternatively, they can wait until they retire officially to receive benefits. In case of a member's death, the heirs can get calculated benefits along with due interest.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Enables fund members with 120 months of contributions to request returns with legal interest.
- Allows members to wait until retirement to receive benefits.
- Provides death benefits with interest to heirs of deceased members.
Obligations
What this law requires
Upon request by members who have paid contributions for at least 120 months and whose membership has ended, refund accumulated contributions along with statutory interest without providing retirement benefits
Calculate and apply statutory interest according to Law No. 3095 dated 4/12/1984 on Statutory Interest and Default Interest for refunded contributions
For members who have paid at least 120 months and choose to wait for official retirement, calculate retirement benefit amount using accumulated contributions and last paid contribution amount as principal
Calculate and add statutory interest on retirement benefits for the period between fund withdrawal date and official retirement date, applying Law No. 3095 calculations
In case of member death, pay heirs calculated retirement or death benefits with accumulated contributions and applicable statutory interest for the period from fund withdrawal to death date