Cuba’s Council of Ministers agreed to determine the calculation of pensions based on age and total disability, for which it changed the rules on this aspect effective from 2009, local media reported today.
According to Decree 99 published in the General Official Gazette No. 1 of 2024, the basis of calculation for this pension is now determined on the average monthly salary resulting from the highest salary received by the worker during the five years.
For this, the last 15 calendar years prior to the pension application are selected.
The regulations of the Social Security Law also address concepts such as payments for distribution of profits, pay-for-results systems and other legally recognized payments for certain activities, which do not constitute salary but are part of the calculation basis for a long time. Term benefits.
The gazette specifies the transitional procedure for the calculation of pension and social security subsidies provided for in Decree-Law 18 of November 24, 2020, with the application of the rules provided for in this decree. This is published on 4 January. .
Similarly, the procedures for pension due to age and total disability which were initiated before the implementation of the decree continue their procedure in accordance with the regulatory provisions with which they were initiated.
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