The Ministry of Labor installed the subcommittee for pension reform, a tripartite forum with the participation of business associations, unions and the government, a forum in which the Vice Minister in charge of Employment and Pensions, Juan Carlos Hernández, presented the comprehensive reform proposal to the old age protection system that the government has.
(Read: The subcommittee to evaluate the labor reform was ready).
Said proposal, which had already been announced in the campaign, will be discussed by the subcommittee to the construction of the bill that the government expects to file next year.
It has three pillars as its axis: a first solidarity pillar, with a basic income corresponding to half the current legal minimum wage and with which it seeks to shelter those people who cannot obtain a pension. The second pillar, the contributory one, sIt will be for people who earn up to four minimum wages and will make their mandatory contributions to the average premium regime administered by Colpensiones.
The third pillar will be for those people who have income above 4 minimum wages who make additional contributions to the Individual Savings Regime of the Pension and Severance Fund Administrators, AFP.
(In addition: Government presented the bases of the National Development Plan 2022-2026).
“It is a structural reform, it is not a parametric reform, what we are looking for is how to generate greater coverage, so that all older adults who today are out of the possibility of having a dignified old age, have some elements that allow them through the support from the State to release their resources and thus promote an old age with dignity and that they do not live on the charity of their families”, said the Minister of Labor, Gloria Inés Ramírez.
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