The finance minister Jose Antonio Ocampo affirmed that the fiscal cost of the pension reform that the National Government intends would be between 4 and 6 billion pesos annually approximately.
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Regarding resources of the pension bonus of the solidarity pillar, said they will leave General Budget of the NationHe also said that “we raised a little what people and high-income pensioners have to pay when they contribute.”
On the other hand, he maintained that the Government will create a savings fund that will handle 20% dand the quotes of Colpensionswhich will be very important to pay the pensions in the long term “that will accumulate and that will allow a part of the pensions to be financed by that fund in the future.”
“This is a fund for pensioners, not for the government,” Ocampo said.
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“The pension fund that we have to design exactly how it works will be an independent fund that will invest in public or private national bonds,” he added.
Ocampo maintained that “good agreements were made between the Ministry of Labor, the Ministry of Finance and President Gustavo Petroabout what can be done in terms of resources,” added the head of the portfolio.
In accordance with Minister Ocampo, At that meeting “important factors of the bill were agreed, such as: How much can be given in the solidarity regime? This was basically a joint proposal; in addition to the whole issue of the savings fund, a proposal from the Ministry of Finance”.
Finally he pointed out: “We are going to respect the fiscal rulethe resources that exist, are those that are with the current fiscal norms, this is reflected, for example, in that the financing of the health reform is viable “.
