The presentation for the first debate of the draft law of pension reform with which the government of Gustavo Petro wants to move towards a unified system with a public majority, in which Colpensions have more weights
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The text proposed by the congressmen has some changes compared to the initial proposal of the Government. However, it maintains its essence.
The bill maintains the new system based on four pillars: solidarity, semi-contributory, contributory and voluntary savings.
In the solidarity will be all adults over 65 who are in a condition of extreme poverty, poverty or vulnerability (about 2.5 million people), who would be given an income above the poverty linewhich is equivalent to 223,000 pesos, and which would be increased each year due to inflation.
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The pension reform contemplates giving a basic income to the elderly in a condition of vulnerability.
Sergio Acero/Time
These would also be given a life annuity that would be determined based on different values such as the amount of contributions.
He contributory pillar It has two components: the average premium component and the individual savings component. Here would be all the people in the country who are affiliated with the system.
Between 1 and 3 minimum wages would be quoted in Colpensions and above that value in the Pension Fund Administrators (AFP), such as Porvenir, Protección, Colfondos and Skandia. When calculating the allowance, these two benefits would be combined.
“In the presentation, the threshold of 3 minimum wages continues. However, we will continue proposing a proposal of 2 minimum wages,” said the congresswoman from the U Party Norma Hurtado.
Finally, there would be voluntary individual savings pillar in which people who will have the ability to pay could be in order to obtain a better pension in the future.
