Created by the National Government and administered by the Colombian Pension Administrator (COLPENSIONES), the Periodic Economic Benefits (BEPS) are a flexible and voluntary system which makes it possible for citizens whose income does not They allow them to save resources for retirement, so they can have a peaceful old age. ¿How can a citizen join?
Approximately 7 million Colombians are currently not in a position to save resources to protect themselves during old age, either as a consequence of the informality of the economic activity to which they engage, or because they earn less than a monthly minimum wage.
The BEPS aim to guarantee protection to these people, allowing them to save from now on the resources they can and when they can, while the Government rewards this effort by giving 20% proportional to their savings.
Who can access this scheme?
• People with incomes less than minimum wage.
• People who once began to contribute, but who, due to different circumstances, do not meet the requirements to receive the pension.
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The most important characteristics of BEPS
BEP Colombia
Source: Colpensiones-Official Facebook
It is an individual, independent, autonomous and voluntary mechanism that stimulates the interest of low-income Colombians in having some type of protection in old age with the help of the Government.
The system offers flexibility in the amount and frequency when saving resources and participation is voluntary, and allows informal workers to be inserted into the formal financial system.
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Anyone who wants to participate in this mechanism You can make contributions by opening an account at COLPENSIONESin which you will deposit the amount of money you can and at the frequency in which you have the capacity to do so.
To learn more about BEPS, You can call 4870300, from Bogotá, and the national toll-free line 01-8000410777 from the rest of the country.
