Scheduled income in pension savings system : terminally ill patients

Abstract

This article proposes the need to correct the life expectancy used to calculate pensions in individual capitalization systems, under the modality of programmed income, for those pensioners with terminal or chronic illnesses, for whom medical science allows to anticipate, with enough precision, the average time of life they have; this with the aim of adjusting the value of their pensions during such circumstances so that they enjoy, in life, the balance accumulated in their account and receive at the same time the necessary medical attention that improves the quality of it.
For this, it is not necessary to reform the Law in our country, for example, but it would be enough to review the secondary regulations referring to the method used to calculate pensions, specifically in relation to the number of years (life expectancy) in which said balance, observing for such purposes, the pertinent medical evaluation.