The first manager of the National Social Security Council, economist Arismendi Diaz Santana, noted that the government is allocating funds from the 4% of GDP budget assigned for pre-university education to pay teacher pensions. He made the observation in response to comments made by executives of the pension fund managed by the National Institute of Teacher Welfare (Inabima). Inabima officials said that the “general increases do not impact the fund because the payment of the retired persons is charged to the 4% of the GDP allotted to the Ministry of Education.
Diaz Santana said that the government is responsible for making allotments to Inabima to make the pension payments and that any other regular contribution violates the provisions of the Social Security Law 87-01. He said that government funds that are earmarked for education cannot be diverted to other uses, nor should the government bow to pressure to do so.
“It is an underhanded practice that has also been applied to resolve the multimillion peso deficits of the Teacher Medical Insurance (Seguro Medico de los Maestros). Diaz Santana said these practices do not promote efficiency, but rather serve as an incentive for corruption.
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Hoy
18 January 2018
