Pension reform: what happens to those who have contributed more than 1,000 weeks? – Sectors – Economy

Pension reform: what happens to those who have contributed more than 1,000 weeks?  – Sectors – Economy

The pension reform project that the National Government will conclude in Congress on Thursday, March 16, speaks of a transition regime for people who have contributed 1,000 weeks.

(We recommend: This is what the pension reform project brings)

The information on the number of weeks contributed is recorded in chapter 8, on the transition regime.

“For people who, upon the entry into force of this Comprehensive Social Protection System for Old Age, have 1,000 weeks of contributions, Law 100 of 1993 will continue to be applied in its entirety,” the document reads.

(In addition: The requirements to receive the income of $223,000 from the pension reform)

This regulation is that of the comprehensive social security system currently in force, which means that those who fall into that classification would respect the conditions of the previous regime.

And how will the calculation of the weeks be made?

According to the draft, for the computation, “the weeks quoted in any of the defined pension systems or individual savings with solidarity, the social security institute or any box, fund or entity of the public or private sector, or the time of service as public servants, regardless of the number of weeks contributed”.

In the same chapter there is an article on the opportunity to transfer, which indicates that the people covered by the transition regime will have two years to transfer from the regime respecting the previous regulations. This will be done with prior advice on what the Law 1748 of 2014.

In accordance with paragraph 1 of article 2 of that law, “the Administrators of the General Pension System will guarantee that clients who want to transfer between the pension regimes receive advice from representatives of both regimes, as a prior condition for the transfer to proceed between them.” systems”.

(It may interest you: Older adults: this is the solidarity income proposed by the pension reform)

Finally, according to the draft, people who total at least 1,000 weeks will be subject to the new law, if approved.

The draft of the pension reform bill was presented this Tuesday by unions, labor unions and experts in a meeting with the Government.

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