Crecer stated that its main objective is to invest the savings of its clients, but there are limitations, mandatory investments and restrictions established by the Law and the regulations that do not allow them to generate growth in the money deposited by the contributors to the institution.

Crecer also states that it is unaware of the content and scope of the initiative announced by the President of the Republic, Nayib Bukele, to reform the Pension System, which will be presented to the Legislative Assembly (LA) on October 15.

He also added that he will be in complete disposition to collaborate with the authorities to guarantee that any change will be for the benefit of the affiliates and also considers that any reform should go through a technical and transparent construction process, which puts the interest of its clients at the center, which clearly establishes the sources of financing in the long term and is strengthened with evaluations and expert studies.

A group of former veterans of the Fuerza Armada marched to the Presidential House (CAPRES) to deliver a document in which they request that the pension of US$100 be increased to US$150.

Among the petitions they are requesting is a leveling of pensions to match the current minimum wage provided by the Instituto de Previsión Social de la Fuerza Armada (IPSFA).

Likewise, the Asociación Salvadoreña de Administradoras de Fondos de Pensiones (ASAFONDOS), expressed in a statement that it is important that any comprehensive reform to the pension system prioritizes increasing the amount of benefits and increasing the coverage of social security in the country, while determining its sources of financing both in the present and in the future.

ASAFONDOS also said that any change to the Ley del Sistema de Ahorro para Pensiones (SAP) must be technically evaluated taking into account the short, medium and long term impacts that its implementation will imply, in order to guarantee its sustainability and that of the pension system in general.