Constitution of 1980 and compulsory social security contributions

Authors

  • María Pía Silva Gallinato Editorial secretary

Abstract

Compulsory contributions established by law constitute one of the main sources of financing of social security pensions, without having the character of taxes. It is for the legislator to establish the social security financing schemes and determine who is obliged to pay the contributions. Raising the contribution rate and establishing financing formulas for pension systems other than the current individual capitalization, to form a mixed system, does not oppose the provisions of article 19 number 18 of the Constitution and could contribute to legitimizing our social security system

Keywords:

Social security, compulsory contribution, financing of social security schemes