As the vast majority of us know, the Pension is a mandatory savings plan that you build throughout your working life, either as an independent worker or as a dependent, that is, an employee. This saving will allow you to receive a monthly payment and health coverage for the rest of your life.
Who is entitled to the pension?
The father and mother of the deceased insured or pensioner, as long as he / she does not have a spouse, children or common-law wife or partner entitled to a pension.
Benefits of saving on pension:
-The contributions that the employer makes on your behalf or those that you make directly as an affiliate in a pension fund, in the case of independent workers, go to your Individual Savings Account. This means that this account is yours alone, and the resources that are invested in it will be for you when you meet the pension requirements.
-Your account grows periodically thanks to the contributions that your employer makes or those that you make.
-In case of death, if you do not have beneficiaries, the deposited resources will be inheritable, according to the conditions of the law. This means that your savings will never be lost.
-Your account provides you with a Funeral Assistance, of course, after fulfilling the requirements of the law.