Retirement in Ecuador and its difficulties

Retirement is the action by which an actively working person whether self-employed or employed that is with a dependency relationship becomes inactive since he/she stops working for a series of reasons such as age work time illness or disability this means the definitive cessation of work therefore he/she stops receiving his/her monthly income as salary and starts receiving a pension from the Ecuadorian Institute of Social Security IESS this pension is for life. During his working life a worker contributes a percentage of his salary or wage to the Ecuadorian Institute of Social Security the retirement pension is according to the contribution.