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<h1>Social Security Programs Throughout the World: The Americas, 2013</h1>
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<h1>Bolivia</h1>
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<div class="exchangeRate">Exchange rate: <abbr class="spell">US</abbr>$1.00 = 6.96 bolivianos</div>
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<h2>Old Age, Disability, and Survivors</h2>
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<h3>Regulatory Framework</h3>
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<p><span class="h4">First laws:</span> 1949 (social insurance) and 1956 (social security), implemented in 1959.</p>
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<p><span class="h4">Current laws:</span> 1996 (mandatory individual account), implemented in 1997; 2007 (universal pension), implemented in 2008; and 2010 (integrated pensions system).</p>
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<p><span class="h4">Type of program:</span> Mandatory individual account and universal pension system.</p>
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<p>Note: In 1997, all active members of the social insurance system transferred to a system of privately managed mandatory individual accounts.</p>
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<p>In 2008, a new universal pension (Renta Dignidad) replaced the Bonosol (available to all resident citizens of Bolivia older than age 65 from 1996 to 2008).</p>
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<h3>Coverage</h3>
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<p><span class="h4">Mandatory individual account:</span> Salaried workers, including military personnel and apprentices.</p>
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<p>Voluntary coverage for <span class="nobr">self-employed</span> persons.</p>
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<p><span class="h4">Universal pension (Renta Dignidad):</span> All resident citizens of Bolivia.</p>
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<h3>Source of Funds</h3>
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<p><span class="h4">Insured person</span></p>
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<p><span class="h5">Mandatory individual account:</span> 10% of covered earnings for <span class="nobr">old-age</span> benefits plus 1.71% for disability and survivor benefits and 0.5% for administrative fees.</p>
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<p>The minimum earnings used to calculate contributions are the legal monthly minimum wage.</p>
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<p>The maximum earnings used to calculate contributions are 60 times the legal monthly minimum wage.</p>
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<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
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<p>Solidarity pension: 0.5% of covered earnings from 1,200 bolivianos to 13,000 bolivianos; 1% of earnings from 13,001 bolivianos to 25,000 bolivianos; 5% of earnings from 25,001 bolivianos to 35,000 bolivianos; and 10% of earnings above 35,000 bolivianos.</p>
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<p>20% of the insured person's contributions for disability and survivors insurance also finances the solidarity pension.</p>
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<p><span class="h5">Universal pension (Renta Dignidad):</span> None.</p>
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<p><span class="h4">Self-employed person</span></p>
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<p><span class="h5">Mandatory individual account:</span> Voluntarily insured persons contribute 10% of declared earnings plus 1.71% for disability and survivor benefits and 0.5% for administrative fees.</p>
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<p>The minimum declared earnings used to calculate contributions are the legal monthly minimum wage.</p>
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<p>The maximum declared earnings used to calculate contributions are 60 times the legal monthly minimum wage.</p>
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<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
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<p>Solidarity pension: 0.5% of declared earnings from 1,200 bolivianos to 13,000 bolivianos; 1% of earnings from 13,001 bolivianos to 25,000 bolivianos; 5% of earnings from 25,001 bolivianos to 35,000 bolivianos; and 10% of earnings above 35,000 bolivianos.</p>
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<p>Mining cooperatives contribute 2% of declared income from sales.</p>
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<p>20% of the <span class="nobr">self-employed</span> person's contributions for disability and survivors insurance also finances the solidarity pension. See also source of funds under Work Injury.</p>
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<p><span class="h5">Universal pension (Renta Dignidad):</span> None.</p>
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<p><span class="h4">Employer</span></p>
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<p><span class="h5">Mandatory individual account:</span> None; premiums finance disability and survivor benefits.</p>
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<p><span class="h5">Solidarity pension:</span> 3% of covered payroll; 2% of covered payroll (mining sector). See also source of funds under Work Injury.</p>
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<p><span class="h5">Universal pension (Renta Dignidad):</span> None.</p>
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<p><span class="h4">Government</span></p>
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<p><span class="h5">Mandatory individual account:</span> Finances the value of accrued rights under the social insurance system and the funeral grant.</p>
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<p>Solidarity pension: None.</p>
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<p><span class="h5">Universal pension (Renta Dignidad):</span> The total cost is financed through taxes on <span class="nobr">hydro-carbons</span> and dividends from public enterprises.</p>
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<h3>Qualifying Conditions</h3>
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<p><span class="h4">Old-age pension:</span> At any age if the individual account balance is sufficient to finance a monthly pension of 60% of the insured's average earnings in the last two years (or over the whole contribution period if the insured has less than two years of contributions), funeral expenses, and survivor benefits for the insured's dependents.</p>
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<p>Age 55 (men) or age 50 (women) with accrued rights under the social insurance system, if the individual account balance is sufficient to finance a monthly pension of 60% of the insured's average covered earnings in the last two years (or over the whole contribution period if the insured has less than two years of contributions), funeral expenses, and survivor benefits for the insured's dependents.</p>
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<p>Age 58 (age 56 for miners) with at least 10 years of contributions if the individual account balance is sufficient to finance a monthly pension that is greater than the solidarity pension.</p>
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<p>The retirement age for women is reduced by one year for each live birth, up to three. The retirement age for miners is reduced by up to five years for work in unhealthy conditions (one year for every two years of work in unhealthy conditions).</p>
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<p>The <span class="nobr">old-age</span> pension is payable abroad temporarily in specific cases.</p>
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<p>Solidarity pension: Age 58 (age 56 for miners) with at least 10 years of contributions, and the individual account balance is insufficient to finance a monthly pension above a legally defined threshold.</p>
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<p>The retirement age for women is reduced by one year for each child born alive, up to three. The retirement age for miners is reduced by up to five years for work in unhealthy conditions (one year for every two years of work in unhealthy conditions).</p>
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<p><span class="h4">Universal pension (Renta Dignidad):</span> Age 60.</p>
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<p>The universal pension is payable abroad temporarily in specific cases.</p>
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<p><span class="h4">Disability pension:</span> Younger than age 65 and assessed with a degree of disability of at least 60%; at least five years of contributions to the social insurance or individual account schemes or during half the period between the date of the first contribution to the individual account and the date the disability began; must be currently contributing or have ceased contributing no longer than 12 months before the disability began. If the disability is due to an illness, the insured must also have at least 18 months of contributions in the last 36 months before the disability began.</p>
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<p>Partial disability: Younger than age 65 and assessed with a degree disability of 50% to 59%.</p>
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<p>Severe disability supplement: Assessed with a degree of disability of at least 80%.</p>
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<p>Certified medical doctors assess the degree of disability.</p>
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<p>The disability pension is payable abroad temporarily in specific cases.</p>
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<p><span class="h4">Survivor pension:</span> The deceased received or was entitled to receive an <span class="nobr">old-age</span> or disability pension; at least five years of contributions to the social insurance or individual account schemes or during half the period between the date of the first contribution to the individual account and the date of death; was either still contributing or had ceased contributing no longer than 12 months before the death. If the death was the result of an illness, the deceased must also have had at least 18 months of contributions in the last 36 months before the date of death.</p>
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<p>Eligible survivors include a <span class="nobr">widow(er)</span> or cohabiting partner and children younger than age 18 (age 25 if a student, no limit if disabled).</p>
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<p>If there is no eligible <span class="nobr">widow(er),</span> partner, or child, other eligible survivors include the deceased parents, brothers and sisters younger than age 18, or other survivors named by the insured.</p>
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<p>The survivor pension is payable abroad temporarily in specific cases.</p>
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<p><span class="h4">Funeral grant:</span> Paid when an insured worker younger than age 60 or a citizen aged 60 or older dies.</p>
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<h3>Old-Age Benefits</h3>
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<p><span class="h4">Old-age pension:</span> The insured must purchase a fixed or variable life annuity, depending on the account balance at retirement. (The value of accrued rights under the social insurance system is combined with the individual account balance at retirement.)</p>
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<p>The first monthly amount paid under a variable life annuity must not be less than 60% of the insured's average covered earnings in the last two years (or over the whole contribution period if the insured has less than two years of contributions).</p>
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<p>Schedule of payments: 13 payments a year.</p>
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<p>Benefit adjustment: Pensions are adjusted annually according to the <abbr class="spell">UFV</abbr> (Unidad de Fomento de Vivienda), calculated by the Central Bank according to changes in the cost of living.</p>
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<p>Solidarity pension: The difference between the individual account balance and a legally defined threshold corresponding to the insured's number of years of contributions is paid. The benefit increases incrementally with 10 years to 35 years of contributions, up to a maximum.</p>
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<p><span class="h4">Universal pension (Renta Dignidad):</span> 3,000 bolivianos a year is paid for life. The benefit is reduced by 25% if the person receives another pension.</p>
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<p>The benefit is paid monthly, bimonthly, quarterly, or annually.</p>
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<p>Benefit adjustment: The benefit is adjusted every three years based on available funds.</p>
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<h3>Permanent Disability Benefits</h3>
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<p><span class="h4">Disability pension:</span> For an assessed degree of disability of at least 60%, 70% of the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions) is paid.</p>
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<p>Partial disability: For an assessed degree of disability of 50% to 59%, the pension is the degree of disability multiplied by the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions).</p>
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<p>Severe disability supplement: A monthly benefit equal to the legal monthly minimum wage is paid.</p>
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<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
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<p>The insurance company pays a monthly contribution of 10% of the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions) to the insured person's individual account until retirement or death.</p>
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<p>The minimum earnings used to calculate the disability pension are the legal monthly minimum wage.</p>
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<p>The maximum earnings used to calculate the disability pension are 60 times the legal monthly minimum wage.</p>
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<p>Schedule of payments: 13 payments a year.</p>
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<p>The disability pension ceases at age 65 and is replaced by the <span class="nobr">old-age</span> pension.</p>
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<p>If an insured person with a disability does not meet the contribution requirements for a disability pension, the insured may use the individual account balance plus accrued rights under the social insurance system (if applicable) to purchase a temporary annuity. The monthly annuity is 60% of the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions) and must not be less than 60% of the legal monthly minimum wage.</p>
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<p>Benefit adjustment: Pensions are adjusted annually according to the <abbr class="spell">UFV</abbr> (Unidad de Fomento de Vivienda), calculated by the Central Bank according to changes in the cost of living.</p>
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<h3>Survivor Benefits</h3>
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<p><span class="h4">Spouse's pension:</span> 90% of the monthly base survivor pension is paid to a <span class="nobr">widow(er)</span> or cohabiting partner with no eligible children; 70% if there is one eligible child; and 50% for two or more eligible children. (Life insurance tops up the accumulated capital in the deceased's individual account if the balance plus accrued rights under the social insurance system (if applicable) is insufficient to finance the minimum survivor pension.)</p>
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<p>The monthly base survivor pension is the <span class="nobr">old-age</span> (mandatory individual account or solidarity) or disability pension the deceased received or was entitled to receive, whichever is greater, depending on the deceased's age at death.</p>
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<p>The minimum earnings used to calculate the monthly base pension are the legal monthly minimum wage.</p>
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<p>The maximum earnings used to calculate the monthly base pension are 60 times the legal monthly minimum wage.</p>
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<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
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<p>Schedule of payments: 13 payments a year.</p>
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<p>The <span class="nobr">widow(er)'s</span> or partner's pension ceases on remarriage or cohabitation.</p>
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<p><span class="h4">Orphan's pension:</span> 20% of the monthly base survivor pension is paid for one orphan; 50% is split equally if there are two or more orphans; and 100% is split equally among full orphans. (Life insurance tops up the accumulated capital in the deceased's individual account if the balance plus accrued rights under the social insurance system (if applicable) is insufficient to finance the minimum survivor pension.)</p>
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<p>The monthly base survivor pension is the <span class="nobr">old-age</span> (mandatory individual account or solidarity) or disability pension the deceased received or was entitled to receive, whichever is greater, depending on the deceased's age at death.</p>
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<p>Schedule of payments: 13 payments a year.</p>
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<p>When an orphan ceases to be eligible, the <span class="nobr">widow(er)'s</span> or partner's pension is recalculated.</p>
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<p>All spouse's and orphan's benefits combined must not exceed 100% of the base survivor pension.</p>
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<p><span class="h4">Other eligible survivors:</span> If there is no eligible <span class="nobr">widow(er),</span> partner, or child, 60% of the monthly base survivor pension is divided equally among other eligible survivors.</p>
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<p>The monthly base survivor pension is the <span class="nobr">old-age</span> (mandatory individual account or solidarity) or disability pension the deceased received or was entitled to receive, whichever is greater, depending on the deceased's age at death.</p>
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<p>Schedule of payments: 13 payments a year.</p>
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<p>All benefits combined for other eligible survivors must not exceed 60% of the base survivor pension.</p>
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<p>If the deceased did not meet the contribution requirements for an <span class="nobr">old-age</span> or disability pension, the deceased's individual account balance plus accrued rights under the social insurance system (if applicable) may be used to purchase a temporary annuity. The monthly annuity is 60% of the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions) and must not be less than 60% of the legal monthly minimum wage.</p>
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<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
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<p>Benefit adjustment: Pensions are adjusted annually according to the <abbr class="spell">UFV</abbr> (Unidad de Fomento de Vivienda), calculated by the Central Bank according to changes in the cost of living.</p>
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<p><span class="h4">Funeral grant:</span> A lump sum of 1,800 bolivianos is paid.</p>
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<h3>Administrative Organization</h3>
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<p>Note: The Public Management Body for <span class="nobr">Long-Term</span> Social Security, once established, will take over administration of <span class="nobr">old-age,</span> disability, and survivors benefits, under the supervision of the Ministry of the Economy and Public Finances. The Public Management Body for <span class="nobr">Long-Term</span> Social Security will transfer administration of disability benefits to the Public Insurance Entity, once established.</p>
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<p>Ministry of the Economy and Public Finances (<a href="https://www.economiayfinanzas.gob.bo/">http://www.economiayfinanzas.gob.bo/</a>) provides general supervision.</p>
|
|
<p>Pension and Insurance Auditing Authority (<abbr class="spell">APS</abbr>) (<a href="https://www.aps.gob.bo/">http://www.aps.gob.bo/</a>) supervises the Pension Fund Administrators (<abbr class="spell">AFP</abbr>s).</p>
|
|
<p>Pension Fund Administrators (<abbr class="spell">AFP</abbr>s) administer the <span class="nobr">old-age</span> and solidarity pension and funeral grants and contract with insurance companies for disability and survivor insurance.</p>
|
|
<p>Insurance companies administer the disability pension and survivor pension program.</p>
|
|
<p>Assessment Body, established by the <abbr class="spell">AFP</abbr>s and the insurance companies, carries out assessments for the calculation of disability and survivor benefits.</p>
|
|
<p>Approved financial entities pay universal pension (Renta Dignidad) benefits.</p>
|
|
<h2>Sickness and Maternity</h2>
|
|
<h3>Regulatory Framework</h3>
|
|
<p><span class="h4">First law:</span> 1949.</p>
|
|
<p><span class="h4">Current laws:</span> 1956 (social security code), 1959 (regulations), 1987 (social security), 1988 (job protection), 1998 (health), 2002 (maternity), and 2009 (job protection).</p>
|
|
<p><span class="h4">Type of program:</span> Social insurance system.</p>
|
|
<h3>Coverage</h3>
|
|
<p><span class="h4">Cash and medical benefits:</span> All employed persons.</p>
|
|
<p>Voluntary coverage for <span class="nobr">self-employed</span> persons.</p>
|
|
<p><span class="h4">Medical benefits only:</span> Persons older than age 60.</p>
|
|
<h3>Source of Funds</h3>
|
|
<p><span class="h4">Insured person:</span> None; pensioners contribute 5% of the pension.</p>
|
|
<p><span class="h4">Self-employed person:</span> Voluntarily insured persons make contributions. (<span class="nobr">Self-employed</span> miners contribute 10% of 1.3 times the legal monthly minimum wage.)</p>
|
|
<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
|
|
<p>The <span class="nobr">self-employed</span> person's contributions also finance temporary disability benefits and medical benefits under Work Injury.</p>
|
|
<p><span class="h4">Employer:</span> 10% of payroll.</p>
|
|
<p>The employer's contributions also finance temporary disability benefits and medical benefits under Work Injury.</p>
|
|
<p><span class="h4">Government:</span> None.</p>
|
|
<h3>Qualifying Conditions</h3>
|
|
<p><span class="h4">Cash sickness benefits:</span> Must have at least two contributions before the incapacity began.</p>
|
|
<p><span class="h4">Cash maternity benefits:</span> Must have at least six months of contributions in the 12 months immediately before the date of childbirth. The benefit is paid to an insured woman or to the wife of an insured man.</p>
|
|
<p><span class="h4">Medical benefits:</span> Must have at least one month of contributions in the previous two months.</p>
|
|
<h3>Sickness and Maternity Benefits</h3>
|
|
<p><span class="h4">Sickness benefit:</span> 75% of the insured's last earnings is paid after a <span class="nobr">four-day</span> waiting period for up to 26 weeks; may be extended to 52 weeks if continuing medical care will prevent permanent disability.</p>
|
|
<p><span class="h4">Maternity benefit:</span> 95% of the insured's earnings is paid for up to 45 days before and 45 days after the expected date of childbirth.</p>
|
|
<p>Job protection: Both parents have the right to retain their job position, salary, and grade during the entire pregnancy and until the child is 12 months old.</p>
|
|
<p>Additional maternity benefits are paid under Family Allowances.</p>
|
|
<h3>Workers' Medical Benefits</h3>
|
|
<p><span class="h4">Medical benefits:</span> Medical benefits include general, specialist, and preventive care; maternity care; diagnostic services; surgery; hospitalization; and medicine.</p>
|
|
<h3>Dependents' Medical Benefits</h3>
|
|
<p>Medical benefits for dependents are the same as those for the insured.</p>
|
|
<h3>Administrative Organization</h3>
|
|
<p>Ministry of Health and Sports (http://www.sns.gob.bo) provides supervision.</p>
|
|
<p>National Health Fund (http://www.cns.gob.bo) administers the program.</p>
|
|
<h2>Work Injury</h2>
|
|
<h3>Regulatory Framework</h3>
|
|
<p><span class="h4">First law:</span> 1924.</p>
|
|
<p><span class="h4">Current laws:</span> 1956 (social security code); 1959 (regulations); 1987 (social security); 1996 (mandatory individual account), implemented in 1997; and 2010 (integrated pensions system).</p>
|
|
<p><span class="h4">Type of program:</span> Social insurance and mandatory individual account system.</p>
|
|
<h3>Coverage</h3>
|
|
<p>Salaried workers and apprentices.</p>
|
|
<p>Voluntary coverage for <span class="nobr">self-employed</span> persons.</p>
|
|
<h3>Source of Funds</h3>
|
|
<p><span class="h4">Insured person:</span> For temporary disability benefits and medical benefits, see source of funds under Sickness and Maternity. For permanent disability and survivors insurance (work injury), none.</p>
|
|
<p><span class="h4">Self-employed person:</span> For temporary disability benefits and medical benefits, see source of funds under Sickness and Maternity. For permanent disability and survivors insurance (work injury), 1.71% of covered earnings.</p>
|
|
<p>20% of the <span class="nobr">self-employed</span> person's contribution for disability and survivors insurance (work injury) also finances the solidarity pension. See also source of funds under Old Age, Disability, and Survivors.</p>
|
|
<p><span class="h4">Employer:</span> For temporary disability benefits and medical benefits, see source of funds under Sickness and Maternity. For permanent disability and survivors insurance (work injury), 1.71% of covered payroll.</p>
|
|
<p>20% of the employer's contribution for disability and survivors insurance (work injury) also finances the solidarity pension. See also source of funds under Old Age, Disability, and Survivors.</p>
|
|
<p><span class="h4">Government:</span> Contributes as an employer.</p>
|
|
<h3>Qualifying Conditions</h3>
|
|
<p><span class="h4">Work injury benefits:</span> There is no minimum qualifying period. Accidents that occur while commuting to and from work are covered if the employer provides the transportation.</p>
|
|
<p>Insured persons must be younger than age 65 and assessed with a degree of disability of at least 10%. If the disability is the result of an accident at work, the insured must have been employed when the accident occurred. If the disability is the result of an illness, the disability must begin while the insured is employed or up to 12 months (18 months for miners) after employment ceases.</p>
|
|
<p>Voluntarily insured <span class="nobr">self-employed</span> persons must be younger than age 65, assessed with a degree of disability of at least 10%, and have made at least three contributions in the last 12 months before the disability began. If the disability is the result of an accident at work, the disability must be assessed while the insured is making contributions. If the disability is the result of an illness, the disability must begin while the insured is making contributions or up to nine months (18 months for members of mining cooperatives) after contributions cease.</p>
|
|
<h3>Temporary Disability Benefits</h3>
|
|
<p>75% of the insured's last earnings is paid after a <span class="nobr">four-day</span> waiting period for up to 26 weeks; may be extended for an additional 26 weeks if continuing medical care will prevent permanent disability.</p>
|
|
<h3>Permanent Disability Benefits</h3>
|
|
<p><span class="h4">Permanent disability pension:</span> For an assessed degree of disability of at least 60%, 100% of the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions) is paid.</p>
|
|
<p>The insurance company pays a monthly contribution of 10% of the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions) to the insured person's individual account until retirement or death.</p>
|
|
<p>The minimum earnings used to calculate benefits are the legal monthly minimum wage.</p>
|
|
<p>The maximum earnings used to calculate benefits are 60 times the legal monthly minimum wage.</p>
|
|
<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
|
|
<p>Partial disability: For an assessed degree of disability of 25% to 59%, the pension is the degree of disability multiplied by the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions).</p>
|
|
<p>The disability pension ceases at age 65 and is replaced by the <span class="nobr">old-age</span> pension.</p>
|
|
<p>Disability grant: For an assessed degree of disability of 10% to 24%, a lump sum of 48 times the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions) is paid.</p>
|
|
<p>Certified medical doctors assess the degree of disability.</p>
|
|
<p>Benefit adjustment: Pensions are adjusted annually according to the <abbr class="spell">UFV</abbr> (Unidad de Fomento de Vivienda), calculated by the Central Bank according to changes in the cost of living.</p>
|
|
<h3>Workers' Medical Benefits</h3>
|
|
<p>Benefits include necessary medical and surgical care, hospitalization, and medicine.</p>
|
|
<h3>Survivor Benefits</h3>
|
|
<p><span class="h4">Spouse's pension:</span> 80% of the monthly base survivor pension is paid to a <span class="nobr">widow(er)</span> or cohabiting partner with no eligible children; 60% if there is one eligible child; and 50% if there are two or more eligible children.</p>
|
|
<p>The monthly base survivor pension is 100% of the deceased's average earnings in the last five years (or over the whole contribution period if the deceased had less than five years of contributions).</p>
|
|
<p>The minimum earnings used to calculate benefits are the legal monthly minimum wage.</p>
|
|
<p>The maximum earnings used to calculate benefits are 60 times the legal monthly minimum wage.</p>
|
|
<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
|
|
<p>Schedule of payments: 13 payments a year.</p>
|
|
<p>The <span class="nobr">widow(er)'s</span> or partner's pension ceases on remarriage or cohabitation.</p>
|
|
<p><span class="h4">Orphan's pension:</span> 20% of the monthly base survivor pension is paid for one orphan; 50% is split equally if there are two or more orphans; and 100% is split equally among full orphans.</p>
|
|
<p>The monthly base survivor pension is 100% of the deceased's average earnings in the last five years (or over the whole contribution period if the deceased had less than five years of contributions).</p>
|
|
<p>Schedule of payments: 13 payments a year.</p>
|
|
<p>When an orphan ceases to be eligible, the <span class="nobr">widow(er)'s</span> or partner's pension is recalculated.</p>
|
|
<p>All spouse's and orphan's benefits combined must not exceed 100% of the base survivor pension.</p>
|
|
<p><span class="h4">Other eligible survivors:</span> If there is no surviving spouse, partner, or child, 60% of the monthly base survivor pension is split equally among other eligible survivors.</p>
|
|
<p>The monthly base survivor pension is 100% of the deceased's average earnings in the last five years (or over the whole contribution period if the deceased had less than five years of contributions).</p>
|
|
<p>Schedule of payments: 13 payments a year.</p>
|
|
<p>All benefits combined for other eligible survivors must not exceed 60% of the base survivor pension.</p>
|
|
<p>If the deceased did not meet the contribution requirements for a permanent disability pension, the deceased's individual account balance may be used to purchase a temporary annuity. The monthly annuity is 60% of the insured's average earnings in the last five years (or over the whole contribution period if the insured has less than five years of contributions) and must not be less than 60% of the legal monthly minimum wage.</p>
|
|
<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
|
|
<p>Benefit adjustment: Pensions are adjusted annually according to the <abbr class="spell">UFV</abbr> (Unidad de Fomento de Vivienda), calculated by the Central Bank according to changes in the cost of living.</p>
|
|
<p><span class="h4">Funeral grant:</span> A lump sum of 1,800 bolivianos is paid.</p>
|
|
<h3>Administrative Organization</h3>
|
|
<p>Note: Once established, the Public Management Body for <span class="nobr">Long-term</span> Social Security, under the supervision of the Ministry of the Economy and Public Finances, will administer permanent disability and survivors insurance (work injury) until a Public Insurance Entity is established.</p>
|
|
<p>Ministry of the Economy and Public Finances (<a href="https://www.economiayfinanzas.gob.bo/">http://www.economiayfinanzas.gob.bo/</a>) provides general supervision.</p>
|
|
<p>Pension Fund Administrators collect contributions and contract insurance companies for work injury disability and survivor insurance.</p>
|
|
<p>Insurance companies administer work injury disability and survivor programs.</p>
|
|
<p>Assessment Body, established by the <abbr class="spell">AFP</abbr>s and the insurance companies, carries out assessments for the calculation of disability and survivor benefits.</p>
|
|
<p>National Health Fund (http://www.cns.gov.bo) administers temporary disability benefits and medical benefits.</p>
|
|
<h2>Unemployment</h2>
|
|
<h3>Regulatory Framework</h3>
|
|
<p>No statutory unemployment benefits are provided.</p>
|
|
<p>Labor law requires employers to grant severance pay to dismissed employees. Dismissed workers are covered for medical and maternity benefits for up to two months after employment ceases.</p>
|
|
<h2>Family Allowances</h2>
|
|
<h3>Regulatory Framework</h3>
|
|
<p><span class="h4">First law:</span> 1953.</p>
|
|
<p><span class="h4">Current laws:</span> 1956 (social security), implemented in 1959; 1987 (social security); and 2009 (conditional cash transfers).</p>
|
|
<p><span class="h4">Type of program:</span> Employment-related system and social assistance.</p>
|
|
<h3>Coverage</h3>
|
|
<p>All workers and unemployed pregnant women.</p>
|
|
<p>Exclusions: <span class="nobr">Self-employed</span> persons.</p>
|
|
<p>Special systems for bank employees, military personnel, and other groups of workers.</p>
|
|
<h3>Source of Funds</h3>
|
|
<p><span class="h4">Insured person:</span> None.</p>
|
|
<p><span class="h4">Self-employed person:</span> Not applicable.</p>
|
|
<p><span class="h4">Employer:</span> 13% of covered payroll.</p>
|
|
<p><span class="h4">Government:</span> The total cost of the conditional cash transfers.</p>
|
|
<h3>Qualifying Conditions</h3>
|
|
<p><span class="h4">Family allowances:</span> The child must be aged 1 (when the nursing allowance ceases) to 19; no limit if disabled. The family head must be currently working more than 15 days a month.</p>
|
|
<p><span class="h4">Mother and baby bonus:</span> Paid to unemployed women during pregnancy and until the child is age 2. The payment is conditional on regular attendance at medical appointments. Beneficiaries may not receive any other family allowances.</p>
|
|
<p><span class="h4">Housing allowance:</span> Paid to single and married workers.</p>
|
|
<p><span class="h4">Prenatal grant:</span> Paid to pregnant women.</p>
|
|
<p><span class="h4">Birth grant:</span> Paid for the birth of a child.</p>
|
|
<p><span class="h4">Nursing allowance:</span> Paid for each child for the first year.</p>
|
|
<p><span class="h4">Burial allowance:</span> Paid for the funeral of a child younger than age 19.</p>
|
|
<h3>Family Allowance Benefits</h3>
|
|
<p><span class="h4">Family allowances:</span> A monthly allowance is paid for each child.</p>
|
|
<p><span class="h4">Mother and baby bonus:</span> 50 bolivianos is paid to the mother for each medical appointment attended during pregnancy, up to four; 120 bolivianos for the birth of a child in a public health facility; and 125 bolivianos for each bimonthly medical appointment attended by the child until age 2.</p>
|
|
<p><span class="h4">Housing allowance:</span> An allowance is paid to single and married workers.</p>
|
|
<p><span class="h4">Prenatal grant:</span> A benefit (cash or in kind) equal to the legal monthly minimum wage is paid from the fifth month of pregnancy.</p>
|
|
<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
|
|
<p><span class="h4">Birth grant:</span> A grant equal to the legal monthly minimum wage is paid for each birth.</p>
|
|
<p><span class="h4">Nursing allowance:</span> A food and milk basket equal to the legal monthly minimum wage is provided during the first year (paid in kind).</p>
|
|
<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
|
|
<p><span class="h4">Burial allowance:</span> A lump sum equal to the legal monthly minimum wage is paid.</p>
|
|
<p>The legal monthly minimum wage is 1,200 bolivianos.</p>
|
|
<h3>Administrative Organization</h3>
|
|
<p>Ministry of Health and Sports (http://www.sns.gob.bo) provides supervision.</p>
|
|
<p>National Institute of Health Insurance (<abbr class="spell">INASES</abbr>) administers the program.</p>
|
|
</div>
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</article>
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