In addition to having a detrimental impact on job creation in the formal sector, their usefulness, effectiveness and redistributive impact are questionable. The largest parafiscal is a 4% contribution, which is collected and managed by several private entities, the Cajas de Compensation Familiar (CCF). Since informal workers and the unemployed are not entitled to receive their services, they benefit the well-off most: the richest quintile receives 32% of the total, while the poorest receives only 2% (Moller, 2012).