Central Bank of Paraguay reports Social Security Council approval of public competition for retirement and pensions superintendent

The Central Bank of Paraguay published an update on the Social Security Council's approval of the terms and conditions for a public merit-based competition to appoint the Superintendent of Retirement and Pensions, a key step in implementing the Superintendency of Retirement and Pensions. The call for applications is due to be published in the coming days on the official websites of the Ministry of Economy and Finance, the Central Bank of Paraguay and the Ministry of Labor, Employment and Social Security, with a 15-calendar-day application period. The council also reviewed two recent executive decrees that shape the process: Decree No. 4776 of Oct. 17, 2025, which regulates the council's operation and the mechanism for selecting the superintendent, and Decree No. 4807 of Oct. 23, 2025, which appoints the Minister of Economy and Finance as council president. In the same meeting, members approved a support committee to assist the Executive Secretariat with the competition process, made up of one representative from each public sector institution on the council and one representative from the Vice Ministry of Human Capital and Organizational Management. A preliminary training and induction plan for retirement and pension entities and the new superintendency was also presented for implementation next year, with the proposal to be consolidated and later submitted to the future superintendent.