What is the General Treasury of the Social Security?
It is a common service of the Social Security, under the auspices of the Ministry of Labour and Immigration, that has its own legal personality, which, by applying the principles of financial solidarity and having joint funds, unifies all the economic resources and the financial administration of the Social Security System.
It is considered to be a common service because it is an organisation that is responsible for the management of certain common duties for the various Managing Bodies of the Social Security System.
What are its powers?
- The registration of companies.
- The registration, affiliation and termination of workers.
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The management and control of contributions and the collection of contributions and all other sources of financing for the Social Security System.
- Deferment and instalment plans for Social Security contributions.
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Owning, managing and administering the goods and rights that are the sole patrimony of the Social Security, without prejudice to the powers given to the Managing Bodies of the Social Security, the Work-Related Accident and Occupational Disease Mutual Societies and the National Institute of Health.
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Organising the means and the design and management of the processes needed to take in contributions and the other sources of financing for the Social Security System.
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Ordering the payment of the obligations of the Social Security and the distribution over time and space of the money available to satisfy these obligations on time.
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Organising and managing the financial circuit that channels the monies available and the movements of money for the System's resources, according to the management needs of the Social Security.
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Authorising the opening of accounts at Financial Institutions to hold the funds of the Social Security.
- Carrying out credit operations and advances for the Treasury that may at times be necessary.
- Drawing up the budget.
- Managing the reinsurance duties for work-related accidents.
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Creating, managing and applying a single financial stabilisation fund for the Social Security System.
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Liquidating capital costs for setting up Work-Related Accident Mutual Societies and companies declared to be responsible for paying benefits.
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Carrying out any other duties of a similar type that are assigned to it by the Ministry of Labour and Immigration.
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Acquiring the buildings needed to carry out its objectives by means of public tender, as well as disposing of those that are not necessary by public auction.
