2024-05-25 17:15:24
In progress in direction of the implementation of a reform of the pension system in Colombia, Fee VII of the Home of Representatives accepted within the penultimate debate the Pension Reform proposed by the Authorities.
The initiative, which in keeping with the Nationwide Authorities, seeks assure a dignified previous age for all Colombiansit solely wants the ultimate approval of the plenary session of the Home to change into legislation.
President Gustavo Petro expressed his gratitude on his official X account, noting: “I congratulate the Seventh Fee of the Chamber for approving the pension reform. “Thousands and thousands of aged women and men with out a pension at present will be pleased about the efforts of Congress, attacked at present even by crime.”
Through the third debate, the Minister of Labor, Gloria Inés Ramírez Ríos, highlighted the significance of the early old-age pension, which is able to profit roughly 10 million older adults. “To the members who aren’t within the transition regime and who flip 62 years of age if they’re a girl or 65 years of age if they’re a person, after the entry into pressure of this Legislation, and that after making use of the actuarial equivalence system established on this customary, who don’t meet the minimal weeks to entry the old-age pension of the contributory pillar and who’ve greater than 1,000 weeks of contributions, will have the ability to benefit from the early old-age profit”, indicated article 38 of the invoice.
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The minister additionally highlighted that the semi-contributory regime will enable the 58% of individuals affiliated with the system, who don’t meet the present necessities, have the chance to entry a pension. As well as, he highlighted the consensus reached to determine the Colpensiones contribution threshold at 2.3 month-to-month authorized minimal wages and the acceptance of the solidarity pillar, which is able to profit 3 million older adults with an support of 223 thousand pesos per 30 days.
Among the many accepted modifications:
Upkeep of the pillar scheme, subsidy for almost 3 million older adults, and a financial savings fund to ensure pensions for younger individuals sooner or later.
Support of 223 thousand pesos for almost 3 million older adults who will be a part of the solidarity pillar.
The reform will come into impact on July 1, 2025.
A two-year transition regime from the efficient date of the rule, permitting ladies with 750 weeks of contributions and males with 900 weeks, who’re lower than ten years away from retiring, to decide on the pension system of their desire.
Minister Ramírez emphasised that the reform, supported fiscally, will get rid of subsidies for prime pensions and can shield the pensions of younger individuals by means of the creation of a financial savings fund managed by the Financial institution of the Republic. “The Authorities of Change is delivering for the nation, we’re one step away from lifting a lot of grandparents out of utmost poverty, however we’re additionally shifting ahead in order that pensions in Colombia change into a proper,” she acknowledged. She added that the reform seeks to advertise fairness and remodel the present regime right into a system of rights that ensures true safety for previous age.
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