Sistema de Pensiones

The Sistema de Pensiones is a structured social security system designed to provide financial support to individuals after retirement, due to disability, or in case of death. It operates through contributions from workers, employers, and sometimes the government, which are pooled into a fund. Over their working lives, individuals accumulate benefits that ensure income security in later years or following unforeseen circumstances. The system aims to promote social welfare, reduce poverty among the elderly, and manage risks related to income loss, fostering economic stability and social solidarity.