Management of the Savings System for Pensions in the assurance of decent retirement to university and secondary education teachers in the city of San Miguel.

Abstract

The pension system established in El Salvador since 1998, is based on an individual capitalization model, in which the affiliated workers own a savings account in which the contributions they make are periodically deposited together with the contributions of their patterns.

This system is analyzed and evaluated in this article, which after more than two decades of trajectory shows certain cracks in its operation, manifesting recurring concerns on the part of university and secondary education teachers, as well as the labor force in general in the country. due to the lack of coincidence between the expectations that contributors have regarding the amounts of pension to receive and those that they are actually obtaining, known as the replacement rate which does not cover their basic economic needs, a problem generated by causes of the system management and situations that go beyond the pension system itself.

Therefore, opinions were exchanged regarding the subject, through the administration of online questionnaires to university and secondary education teachers who work in the city of San Miguel, likewise, representatives of institutions that monitor the performance of the pension system were interviewed. in the country, which was able to identify perceptions, criticisms and proposals delving into the visions and challenges that said system has to offer decent working retirement conditions to its contributors.