The Pension and Severance Funds Administrator (AFP) Porvenir Develop a record in the collection of this labor obligation this year by reaching a figure of 4.58 trillion pesos, about 17.2 percent more than last year’s record, according to information from its directives.
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«These positive results reflect the confidence placed by Colombians in Porvenir and we call on our more than 5.1 million affiliates to give their savings the value this year it deserves,» said Miguel Largacha Martínez, president of the entity.
The manager also stressed that this collection figure, the highest ever achieved by a severance pay administrator, is due to the commitment of Colombian businessmen to each of their workers and to the development of the country.
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Unlike other countries in the region, Colombia has this key social benefit for workers, savings that in addition to leverage housing and education projects, It plays a positive social role by protecting Colombians in times of being laid off.
Indeed, last year the severance withdrawals in Porvenir they allowed more than 1.6 million affiliates to make use of this savings with purpose for concepts such as contract termination (1.31 billion pesos), home purchase (1.18 billion), rental repairs (694,809 million ) and education (266,242 million).
However, Largacha Martínez said that from the entity under his command they have
the challenge of continue working to promote financial education of its more than 14.1 million affiliates to strengthen the savings culture.
«We must not forget that layoffs must maintain their main objective, which is to save with a purpose to meet medium- and long-term goals. That is, beyond a situation marked by the increase in the cost of living of the Colombians
Second, we call on employers and employees to be our allies and promoters of good practices in the use of severance pay. Let’s remember that it is up to the worker to validate the correct use of this social benefit,» he said.
He also argued that it is important to highlight that in Porvenir they have a severance investment portfolio scheme (short and long term) that allows affiliates to choose the alternative that best suits their expectations and needs.
«For example, if you want to improve your home or pay for a semester of university for yourself, your children or your spouse, you can opt for the short term portfolio that allows to have the money available as soon as it is needed. But, if the objective is to save that money as unemployment insurance or for housing acquisition projects or allocate it for future education projects, we recommend taking the long-term portfolio since it generates greater profitability, «he explained.
Porvenir highlights that every hour 8 Colombians retire with this AFP. During the year 2022, resources for 2.6 trillion pesos were delivered in pension allowances. Today, 98 percent of pensioners are banked and receive their payment by payment into account and month in advance.
The administrator, say her directives, has made an important contribution to the Periodic Economic Benefits (BEPS) of the National Government with the transfer of resources to Colpensiones for a value close to 12,600 million pesos, benefiting 931 affiliates with life income.
* The AFP Porvenir is part of the business group that controls the company Casa Editorial EL TIEMPO.
