After the government of President Gustavo Petro If the tax reform were to go ahead, Colombia would prepare in 2023 for other major reforms: labor and pension.
(They approve a budget for 1.6 million members of Colpensiones).
Without knowing details of the same, nor the dates of the presentation of the initiatives, there are some signs of what would be the main axes of the projects.
One of them has to do with pension age, in an eventual pension reform.
President Gustavo Petro does not consider that the pension age should be raised, since for him there are deeper problems than this.
According to the president, in private funds there are many people who meet or exceed the pension age and still cannot retire due to the financing model that would be leaving people out of the system.
(Pensions: what is the best age to save for retirement?).
“No, that is not the problem at the moment. The bad thing is the structure we have. The financing system is leaving 3 million older adults with nothing, on the street. The objective of a pension system is to provide a pension. If not, why? If people meet the standards, age, why can’t they have a pension? So, here there is no pension if you are not in Colpensiones. It is the only thing that is guaranteeing your pension”, President Petro said in an interview with Semana.
The national government, led by the Minister of Labor, has expressed the need for the contributions paid by pensioners to health be reduced so that more income remains.
(Pension reform: will the retirement age increase in Colombia?).
The proposal would point to a reduction in health contributions from 12% that are paid today to 10%, through a progressive decrease in the percentage that is deducted from allowances.
This initiative is based on listening to the workers at the tables that have been set up for the development of a joint project.
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