[ad_1]
With the issuance of Decree 1174 of 2020, the Ministry of Labor regulated the so-called “Social Protection Floor”.
The new rule allows that, those who receive monthly income below the minimum wage, have a social protection mechanism and a government subsidy of up to 20% of pension contributions.
The entity reported that the “Social Protection Floor”, It will allow these people to access the Subsidized Regime of the General System of Social Security in Health, the Periodic Economic Benefits (BEPS) for protection in old age and the Inclusive Insurance, which will protect the worker from occupational risks.
Also read: Do you want to go up to Monserrate? these are the new conditions you must follow
In a statement the MinTrabajo explained the operation of the new system to include in social security those who earn the minimum:
According to the standard, “Dependent workers who join the ‘Social Protection Floor’ will have access to the Family Subsidy System, once it is regulated”.
He adds that, “The mechanism will have mandatory and voluntary links, in the first case, they will be the workers and contractors who, as a result of their part-time dedication, receive income below a minimum wage and in the second, those people who do not have a labor or contractual relationship who receive income lower than a SMLMV, including producers in the agricultural sector “.
Advertising
The contribution must be made monthly by the employer or contractor as appropriate, and can be done at any time during the month in which the activity takes place.
It is necessary that the contribution be monthly, because the Base Contribution Income (IBC) is calculated monthly and depending on the income The person must be affiliated to the Social Security System (if he earns income equal to or greater than a SMLV) or linked to the “ Social Protection Floor ” (if he receives income less than a monthly SMLV), in order to establish the coexistence between the systems.
The amount that will be in charge of the employer or contractor, It will be equivalent to 15% of the beneficiary’s monthly income in the period in which said contribution is made, value that will be additional to the agreed to pay for the development of the activity.
The distribution of the contributions of 14 points that will be credited to the individual savings account of the linked BEPS and the remaining point will be used to pay the Inclusive Insurance premium.
It will be the Special Administrative Unit for Pension Management and Social Protection Parafiscal Contributions (UGPP), the one that carries out the inspection of employers who have workers affiliated to the social security system in the contributory regime.
And that in order to obtain benefit from the reduction of your contributions in social security from one term to the other deteriorate the economic conditions of said workers, through the implementation of acts or artificial businesses or any other irregularity against the General Social Security System.
