American Expatriate Costa Rica

CCSS recovered ¢250.2 billion from delinquent accounts in 2013

Payments for the Costa Rican Social Security Fund (CCSS)(FILE.)


In 2013, the Costa Rican Social Security Fund (CCSS) recovered ¢250.2 billion ($504.44 million) from accounts in arrears, representing an increase of ¢38.6 billion ($77.82 million) from the previous year. The agency is meeting a goal to keep less than one percent of accounts in delinquency.

According to the institution, the increase comes from better management of accounts in collection, lawsuits to strip assets from those who failed to pay, and proceedings to to close 4,354 businesses. This year the fund expects to continue applying strict collection measures and to help employers work out options to adjust their debts.

Original Article in La Nacion