At the end of 2022, the total value of the severance funds (owned by all members of Colfondos, Porvenir, Protección and Skandia) reached 15.9 trillion pesos, a figure slightly lower than the amount registered in 2021, when it reached 16.2 trillion pesos.
(You can also read: Why are severance interest paid in January?)
Of this total, the members of the four private administrators withdrew 7.9 trillion pesos for different uses, which represents an increase of 12.7 percent compared to the same period of the previous year.
“These resources have been allies of Colombians when they lost their jobs, helping them to cover their expenses while they were able to reintegrate. Likewise, they were a support in obtaining housing or education,” said Santiago Montenegro, president of Asofondos.
Workers who enjoy this savings will be able to see their payments reflected in the coming weeks, no later than February 14 when the employees will deposit this social benefit in their fund.
Layoffs are savings that will help you in specific moments and situations in your life.
How did you get the savings from layoffs in 2022?
The largest withdrawal of layoffs was for the concept of contract termination. The workers withdrew more than 2.9 trillion pesos, that is, 36.8 percent of the total. Compared to 2021, they will increase by 19.5 percent.
The affiliated workers also withdrew 2.12 trillion pesos from their severance funds for the homebuying and another 2.07 trillion pesos for the improvement or release of housing debt, which implies that approximately 53 percent of the total withdrawals.
Compared to 2021, the use of severance pay to purchase a home decreased by 1.1 percent, while withdrawals for improvements grew by 27 percent.
The education It was the third most important use of severance pay. In 2022, workers withdrew 0.58 trillion pesos for this concept, which represents 7.4 percent of withdrawals. This value represents an increase of 8.5 percent over the previous year.
How was the retreat:
– Termination of contract: $2.90 billion
– Housing acquisition: $2.12 trillion
– Housing improvement or liberation: $2.07 trillion
– Education: $0.58 trillion
– Other authorized withdrawals: $0.20 billion
