The debate on the pension system in Colombia has regained strength with the recent clarifications of the proposal of the Government of Gustavo Petro.
From the campaign, the leftist leader spoke of an allowance of 500,000 pesos for three million adults Seniors without pension.
(Read: Pension reform: bond for adults would go from $80,000 to $500,000).
In the first instance, the president clarified that it would be “a percentage of the contribution” of the employees in pension funds, which would go to Colpensiones to finance their universal pension coverage plan for older adults in the country.
This implies that the resources would be taken from the payment flow and not from the ‘stock’ or from the pension savings that the workers who are part of the fund or the companies have contributed.
Through his social networks, Petro clarified that: “The allowances of older adults today without a pension are paid from the national budget, which will acquire a capacity of up to 18 billion annually for this objective because private fund contributors will enter Colpensiones up to a percentage of their contribution“.
(Also: Colombia, among the worst countries to retire, according to ‘ranking’).
This implies that the contribution that enters Colpensiones will allow its salaried owner the right to a pension.
The president also assured that the pension reform would be debated next year.
Petro’s pension reform
During his campaign, the president made it clear that the objective of this reform is to achieve universal pension coverage: that around three million older people, without a pension, have a bonus of up to 500,000 pesos per month as an allowance.
In this sense, it seeks to strengthen the resources allocated to the ‘Older Adults’ program by transferring them to the control of understandings and increasing them up to 18 billion with these transfers of pension contributions, from the pension luxury of savers in private funds, without affecting your savings or your right to a pension either.
(Keep reading: One in ten older adults has chosen to undertake in the country).
This is how older adult beneficiaries will no longer receive 80,000 pesos a month, but 500,000 pesos.
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