This week, the Argentine actuary Eduardo Melinsky, author of the second actuarial study of the Disability, Old Age and Death regime (IVM) demanded the total amount invoiced by this analysis, which amounts to $125,000, about ยข70 million.
The complaint is against the Costa Rican Social Security Fund (CCSS) and the Superintendence of Pensions (SUPEN). Melinsky also demanded the return of a deposit for $ 6,268.
In a letter sent to the authorities of the Fund, the Comptroller’s Office and the National Supervisory Council of the Financial System (CONASSIF), the actuary assures that if he does not receive these amounts, he will start with legal actions for contractual breaches.
Melinsky also claims interests, fines and other costs.
The dispute with Melinsky began in 2015, when the CCSS announced the dissolution of the contract because the authorities believed the consultant’s work failed to meet technical requirements.
The Argentine was hired by the CCSS and SUPEN mid-2014 to conduct an independent actuarial study of the pension fund after several years of dispute over the sustainability of the regime.
The report, which was released a year later, concluded that the IVM ran the risk of depleting its reserve in the next decade, a result similar to that most recently found by actuaries at the University of Costa Rica.