If the draft is approved pension reform As the Government presented to Congress, all people who earn up to 3 minimum wages per month will have to start making mandatory contributions to Colpensions and the pension fund administrators (AFP) would receive contributions that exceeded that amount.
You can also read: ABC of the changes that would come to the pension system in Colombia
With this, a person who today receives 7 minimum wages per month must have 3 of them in Colpensiones and the remaining 4 would go to private funds, such as Future, Protection, Colfondos and Skandia.
These two benefits would be combined or complemented to add a single old-age pension when the person reaches the age of 57 years for women and 62 years for men.
Also, read: Labor reform: what are the changes of the Government in the project filed?
The Minister of Labor, Gloria Inés Ramírez, in the filing of the pension reform.
Sergio Acero/Time
Although the project does not change the age parameter or the weeks to recognize the old-age pension, the experts do ensure that it could be increased indirectly on some occasions.
That would be the case of people who are currently trading in private funds.
These today need 1,150 weeks In order to reach a pension, but when it is mandatory to go to Colpensiones, they will have to add 150 more until they obtain the 1,300 that are required in the public sector.
Be sure to read: ‘Pension reform project is another tax reform’: Asofondos
This means that 88 percent of private fund contributors, who are currently earning between 1 and 3 minimum wages, will have to go to Colpensiones on a mandatory basis.
Santiago Montenegro, president of Asofondos, assures that Colpensiones is unsustainable.
Sergio Acero. TIME
the president of Asofondos, Santiago Montegro. Make sure in an interview for EL TIEMPO that the pension reform project that was filed in Congress is going to force all these people to be in the system for 3 more years (150 more weeks).
“Today a 62-year-old man, in the pension funds, can retire with 1,150 weeks of contributions. With the proposed scheme, he must contribute 1,300 weeks, another three years to meet the retirement conditions. That is a de facto increase, an increase in the retirement age, even if they say no,” argues Montenegro.
EL TIEMPO is part of a conglomerate of companies to which an AFP belongs.
