On August 8, 2017, Law 92 of 2017 was approved to establish an incentive plan that grants to insured and uninsured employers to the Workmen’s Compensation Insurance Fund Corporation (CFSE), which has outstanding and unpaid debts due to premiums, a discount of 50% of the accumulated debt.
This incentive plan will have a validity of 120 days, from the approval and validity of the administrative order issued by the CFSE. This administrative order was enacted on September 1, 2017.
The employer must have filed the Payroll Statement for the fiscal year 2016-2017, within the period required by law.
The employer must have paid the fiscal year 2016-2017 policy and any other debt that corresponds to this fiscal year.
Any employer who owes premiums for being an uninsured employer (PNA), who takes advantage of the Incentive Plan and meet with the requirements contained in the Administrative Order may obtain the benefit of the discount of 50% of the outstanding balance, up to a maximum of 15 years.
Under the incentive plan, the CFSE will eliminate one hundred percent (100%) of debts over 15 years, excluding Fiscal Year 2016-2017.
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