Bogota. The Congress of Colombia authorized this Friday a invoice promoted by President Gustavo Petro to reform the pension system and defend older adults in poverty, an achievement of the leftist president in his objective to fight the deep social inequality within the nation. nation.
The mission authorized within the final of 4 debates by the plenary session of the Home of Representatives with 86 votes in favor and 32 towards seeks to strengthen the state administrator Colpensiones, scale back subsidies for prime pensions and increase protection, however analysts and unions have warned of injury to capital markets and public funds.
The initiative authorized by Congress, even supposing the president lacks a majority within the legislature, maintained the pension age for males with 1,300 weeks of contributions at 62 years and at 57 years for ladies, though it lowered them to thousand weeks required.
Moreover, girls will be capable of regularly scale back the time required for retirement for every baby by 50 weeks, with a most of three, bringing the requirement to 850 weeks.
The regulation establishes the creation of a public financial savings fund to guard the cost of pensions and a single Complete Previous Age Safety System.
The mission obliges all Colombians who earn as much as 2.3 minimal month-to-month salaries, about 2.9 million pesos (743 {dollars}) to make their pension contributions to the state-owned Colpensiones.
Folks with salaries above that determine will be capable of choose a non-public pension fund for particular person financial savings of surpluses. The assets of the contributory pillar will likely be administered by the Central Financial institution.
As well as, it establishes the creation of a semi-contributory pillar wherein males over 65 years of age and ladies over 60 who didn’t meet the necessities for a pension having contributed between 300 and a thousand weeks, will entry an financial profit that will likely be financed with assets from the Normal Finances of the Nation and with its personal contributions.
A solidarity pillar included within the reform establishes that girls over 60 years of age and males over 65 years of age in conditions of poverty or vulnerability who didn’t contribute to the system will obtain 232 thousand pesos (57 {dollars}) month-to-month.
The federal government estimates that 2.6 million older adults will likely be beneficiaries till they die, by solidarity earnings.
The reform will come into impact on July 1, 2025 and establishes that males with 900 weeks of contributions and ladies with 750 will proceed to use the present rule, that’s, they won’t be required to contribute part of their earnings to the state fund in in case they’re in a non-public one.
The financial and social reforms, that are advancing slowly within the legislature and with objections from the opposition, had been guarantees made by Petro as a presidential candidate to cut back poverty and inequality within the nation of fifty million inhabitants.
In the beginning of April, Congress rejected and sunk a reform of the well being system, one of many authorities’s essential initiatives, marking a defeat for the president, who additionally promotes a change to the labor regime, even supposing it was rejected and sunk final yr. by the legislature, which pressured it to be introduced once more.
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– 2024-06-17 02:05:34
