Benefit Plans |
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According to the Individual Capitalization Regime Benefit Plan the enrolled members who retire after the Worker Protection Law effectiveness term of ten years, could be eligible to choose Benefit Plans (or pension modes) which are diverse products offered by Complementary Pension Operators to deliver resources managed by the Complementary Mandatory Pension Regime (ROP for its Spanish acronym). Retired individuals shall choose the benefit plan or withdraw total resource amount (ROP) depending on following conditions: 1. Retired individual certificate indicates a “retired condition” as of February 19, 2010. 2. The monthly amount to be paid by the OPC shall be calculated under the Scheduled Withdrawal mode, explained hereinafter) and if amount results greater or equal to the 10% of the monthly amount paid by the Basic Regime (CCSS, or Magisterio or Judicial Power Regime) the, retired individual must choose its monthly pension mode. , 3. If monthly amount to be paid by the OPC is lower than the 10% of Basic Regime, retired person may choose to withdraw total resources once or choose a pension mode for the applicable amount. |
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Pension Modes (or Benefit Plans) are: (*) |
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