Autonomous Fund that Created Pension Reform Officially Begins Operations with Enrique Marshall in the Presidency
4 Articles
4 Articles
This Friday, the Autonomous Fund for Provident Protection (Fapp) that created the pension reform formally began operations, this is a new public institution, autonomous in nature and that will receive a part of the additional contribution from the employer, with whose funds will be responsible for managing all the benefits of Social Security established in the reform.According to the Fapp in its first communiqué, this Friday the first session of…
The date of the transfer coincides with the entry into operation of the Administrator of the FAPP (Autonomous Provident Protection Fund).
The Generalized Social Contribution model
This Friday, as set out in a resolution of the Directorate of Budgets as defined in the Act, US$200 million was transferred from the Pension Reserve Fund (FRP) to the Autonomous Provident Protection Fund (FAPP).
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