Waxing Age Restriction

The unemployed can collect their pension funds

Once the benefits agotada
desempleados MAY BE TAKEN Los fondos collect their pension

The previous Regulation señalaba few requisitions able to rescue its pension plans, these were, in hallarse Unemployment situation during a minimum period of 12 months, be registered as unemployed, and not be or have exhausted unemployment tax provision.

Madrid .- The Council of Ministers approved the July 31 changes in the regulation of pension plans and funds for the unemployed who do not have any benefit, either by having exhausted or not entitled to it, can rescue the plans and funds and dispose of them without delay.

The previous regulation required that a participant is in a situation of long-term unemployment a number of requirements in order to rescue his plan or pension fund, it was found in legal unemployment for a period continued at least 12 months, be registered as unemployed, and not be or have exhausted unemployment tax provision. In the case of the self, was required to cease their activity and be registered as unemployed for at least one year.

What is the Government agreed to waive the requirement for 12 months in both cases so that the unemployed participant may have before your pension plan after the period of unemployment benefit or if not entitled to it. At the same time, the self to cease their activities and register as a jobseeker can also rescartar the plan without waiting for period.

Thus, participants who see their disposable income reduced by being unemployed or have ceased their activities may have before their pension plans to meet their economic needs.

open pension fund

The government has also introduced changes in the rules for pension funds have a greater ability to operate as open-end funds.

Thus, the executive complies with the plan to reduce administrative burdens passed in August last year that included the eventual elimination of prior approval procedure which required pension funds to operate as open-end funds. From now on, only sufficient prior notification to the Directorate General of Insurance and Pension Funds.

The regulation provides for the possibility that pension funds invest their resources in other, called open pension funds. According

said the Ministry of Economy and Finance, this allows pension funds to take advantage of investment specialization that often characterize the open funds.

The elimination of prior authorization, subject designed to meet the technical requirements established, "simplifies and expedites the process, while reducing costs assume that the administrative procedures for entities and, ultimately, for shareholders," said the Department led by Elena Salgado. (Ep)

VIA - NEGOCIOS.COM