What are the statutory pension benefits in Costa Rica?

In Costa Rica, the statutory pension benefits fall under the system known as "Invalidez, Vejez, y Muerte" (IVM). This system provides coverage for:

• Retirement pensions
• Disability benefits for disabilities incurred outside the workplace
• Survivor’s benefits, such as those for widowhood

Employers are required to deduct a portion of the supported employee's salary to contribute to the mandatory pension program. Supported employees also make a contribution to the system.