One of the most important projects of the Gustavo Petro government is the Pension Reform, which has been called ‘Change for old age‘, and is promoted by the portfolio of Work headed by Gloria Ramírez.
A couple of days ago, during the International Forum for the Transformation of Work, the minister assured: «We have 47 articles that are already in full agreement, 18 more that are up for debate where there are differences, we have 7 with partial agreement and two articles new ones that are to reconcile”.
In this sense, the filing is expected to take place this Tuesday.
(Also read: Health, labor and pension reform: this is what they cost the treasury).
Although the complete text is still in reserve, it is known that it contemplates a system of pillars made up of:
the solidarity pillar«which will benefit the more than 2 million 500 thousand over 65 years of age, who will be granted an income equivalent to $223,800 per month,» according to the website of the Ministry of Labor.
The Simicontributive Pillarthat will grant a life annuity to people over the age of 65 who do not reach a pension, but who have weeks listed in Colpensiones (minimum 150 and maximum 999) or savings in their individual account in a Pension Fund Administrator.
The contributory pillar«in which all the people affiliated to the System will be, where Colpensiones will receive the contributions up to the first 3 smlmv quoted and the Pension Fund Administrators the contributions that exceed 3 smlmv».
And the voluntary individual savings pillarfor those people who have the ability to pay and can save to obtain a better pension.
(Keep reading: Do your math: this is how a pension would look if the Petro Government reform is approved).
So, a question has arisen among Colombians and do the changes in the pension reform project apply to all contributors?
The answer is no, since article 76 of the initiative establishes that People who, upon the entry into force of the law, have 1,000 weeks of contributions, will continue to apply in full the provisions of Law 100 of 1993 and the regulations that modify, repeal or replace it..
You can read more about it here: Learn about the changes that Petro’s pension reform would bring: how they could affect you
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