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As of 2005, Salvadoreans who want to retire must have completed at least 25 years of service and men a minimum age of 60 years and women 55. The Legislative Assembly on June 15 approved a reform to the pension law that had given workers the right to retire if they had contributed to pension system for 30 years, regardless of their age. With the new law, the state will save between 2005 and 2009 some US$100 million corresponding to 26,750 workers who will not be able to retire for not having met the regulatory age and who will continue contributing to the system. For example, a worker who started a job when he was 18 years old and worked for 30 years could retire at 48 years old under the previous law. Now, he will have to continue contributing for 12 additional years. Analyst Roberto Rubio, director of the National Foundation for Development said that the measure will mainly affect workers who carry out heavy work and farm labor and in general have not had a good standard of living and nutrition. Rubio proposed that the same law give preferential treatment to people in that situation.
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