Last Tuesday, March 14, the government of Gustavo Petro published the official draft of its pension reform project that will be taken to the Congress of the Republic on March 22.
(Read: With more than 1,000 weeks of contributions, the pension reform would not affect you).
There he proposes, as a basis, a Comprehensive Social Protection System for Old Age with resources of a public nature that They do not belong to the Nation or to the entities that administer them.
The Executive’s proposal establishes that it is mandatory for all workers, dependents, independent with a contribution base income greater than three minimum wages, pYou will be able to select your pension fund administrator.
“There will be no maximum age to enter the System“, it establishes. On the Integrated Contribution Settlement Form, it will liquidate, collect and distribute the total value of the collection of contributions to the pension administrators.
(Keep reading: Colpensiones would take 90% of affiliates to private funds).
Along with it, it is established that the maximum limit of the contribution base will be 25 minimum wagess. When more than that is accrued, the contribution base may be up to 45 minimum wages.
“Contributions are mandatory in the Contributive Pillar for those who earn income equal to or greater than a minimum wage“, says the regulations. Likewise, the managing entities will be under the control and surveillance of the Financial Superintendence.
In additionmembership is voluntary for Colombians living abroad who do not have the status of obligatory affiliates or who remain in the country due to a work contract but are not covered by any regime of their country of origin or any other.
(Read: Mothers, families and other special cases in pension reform).
Along with this, he acknowledges that will pay the Basic Solidarity Income and Periodic Economic Benefitsin the Solidarity and Semi-contributive pillars, in accordance with the provisions of said regulations.
pension funds
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“People who do not access the pension benefit in the Contributive Pillar will be incorporated into the Semi-contributive Pillar to access the Periodic Economic Benefits establisheds,” says the draft.
For those who fail to meet the requirements for the recognition of their pension despite having contributed for a while, will be able to access an early pension in accordance with the reform.
The project also seeks to guarantee the payment of a minimum pension to all those who meet the requirements of the Average Premium Component. “Persons who have made contributions to the Pension Regimes prior to the validity of this law, will have the right to have the values contributed recognized through the issuance of a Bonus, Pension Title or Refund of Contributions destined for the administrator“, they explain.
However, the benefits of the Semi-contributory pillar would be adjusted annually according to the Consumer Price Index Let the Dane report. Pensions will also be readjusted annually ex officio so that they maintain their purchasing power in accordance with inflation.
(See: These are the changes that the pension reform would have).
“The benefits that are recognized in the Average Premium Component whose monthly amount is equal to the legal monthly minimum salary in force, will be readjusted ex officio each time and with the same percentage in which said salary is increased.“, they explain.
Finally, it is established that no person may simultaneously receive disability benefits for common risk and old age. “The family pension will be incompatible with any type of pension,” she says.
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