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Costa Rica: Employee withdrawals from defined compensation plans (COVID-19)

Costa Rica: Employee withdrawals

Law No. 9839 (published in the official gazette on 4 April 2020) allows employees affected by the economic crisis resulting from coronavirus (COVID-19) pandemic to make withdrawals from defined contribution plans.


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Employees can make eligible withdrawals from their defined contribution plans if their labor contracts have been terminated, temporarily suspended or their salaries have been reduced.

After the eligible employee’s application is filed and approved, the amount available to the employee is that which is available under the defined contribution plan at the time of termination, contract suspension or salary reduction.

Read an April 2020 report (Spanish and English) [PDF 182 KB] prepared by the KPMG member firm in Costa Rica

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