Evaluación del Impacto de la Flexibilización de la Edad de Jubilación en el Ecuador.

Abstract

This study seeks to evaluate an alternative that provides sustainability to the Ecuadorian Social Security Institute, through measuring the impact of the flexibilization of the retirement age in the Disability, Old Age and Death Insurance of the Obligatory General Insurance, in order that the institution can continue to cover its benefits, such as pension financing. To this end, an application was developed, with the statistical software R, where the calculation of pensions and mathematical reserves was carried out, varying the age at which a member could retire, using fundamental knowledge of financial and actuarial mathematics, adjusting them to the guidelines of the current Law that governs in Ecuador; in addition, the mortality table of Social Security of both sexes was used as a resource, so that the result becomes much more attached to the Ecuadorian reality. As a result of the curricular integration project, it is concluded that delaying the retirement age is a proposal that reinforces the pension system, observing that the pensioner, because he has a greater probability of death as he gets older, and, despite receiving a higher pension in remuneration for his greater number of contributions, it will not be received the total fund accumulated over the entire active life, leaving the remaining fund for Social Security. Certainly, this work is not about an actuarial valuation but about a contribution that allows contributing to the benefit of financial balance, in the same way, it offers actuarial knowledge to researchers, companies, communities and organizations that are interested in related topics.