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The project contemplates that a man who has reached 62 years of age or a woman who is 57 years old can retire, as long as they have at least 900 weeks of contributions, of the 1,300 that are normally required (26 years of work), highlights La FM.
RCN Radio indicates that the promoter of this project is the representative John Jairo Berrío, who proposes that the resources to make his initiative come true come from the surpluses of the Fonpet (National Pension Fund of Territorial Entities).
“People who reach retirement age and do not have the weeks required by law, if they are in Colpensiones, they return their savings. With this project we seek that the financed pension exists for those who have 900 weeks of contributions and who cannot complete the weeks required by law when they reach retirement age, ”Berrío said, quoted by the station.
The model contemplates a “financed pension”, that is, 50% is completed with the aforementioned Fonpet funds, which would favor people in stratum 1 and 2 of the Sisbén.
That remaining 50% would be divided into two parts: “25% for the strengthening of the health sector and the remaining 25% to finance the program for strengthening coverage and insurance of Colombian old age (BEPS),” says El Espectador.
The capital newspaper indicates that those who retire through this model must authorize Colpensiones and private funds “To deduct the pension contribution from the pension allowance, that is, 16% and 8% of the health contribution in 2021 and 4% from 2022, until covering the total of 1,300 weeks that are required to acquire the pension right ”.
Other pension initiatives that have not had an echo in the Senate
A bill by Jaime Felipe Lozada, representative to the Chamber, which sought that Colombians could withdraw part of the money they save for a pension was rejected by the National Government on the grounds that it violates the Colombian Constitution.
The initiative would give the guarantee to Colombian contributors to the social security system who are inactive, to withdraw a total of up to 4 minimum wages (3,500,000 pesos, approximately) from their pension savings in the AFPs to mitigate the effects of the crisis economic for COVID-19 in their pockets.
Although the silver, according to the project cited by the newspaper, should be returned to the companies during the two years following the disbursement, the Ministry of Finance stressed that this could reduce the allowances of the affiliates to private funds (Colfondos, Porvenir , Protection, Old Mutual) between 5.5% and 9.8%.
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