The pension reform debate is unstuck, what’s next?

It is important to clarify that, of the 13 congressmen who represent the liberal bench in the Senate, not all of them voted in favor of the reform, since Lidio García, Mauricio Gómez, Juan Pablo Gallo and Miguel Ángel Pintopresented a vote against.

At the end of the day, the alternative presented by the senator Norma Hurtado, sank with 59 votes against and only 18 in favor, fact that the Ministry of Labor celebrated in its X account.

It should be noted that, although this reform managed to survive a new obstacle, it has not yet been approved and its time in the halls of Congress is not over. Now, the approval debate begins.

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This discussion in the legislature will begin on Tuesday and key points still need to be discussed, such as the limit for contributions to Colpensiones to be mandatory and which entity will be in charge of managing the money.

Key points of the pension reform

This project presented by Gustavo Petro is made up of four fundamental pillars: solidarity, semi-contributory, contributory and voluntary savings; which, according to the text presented, would work hand in hand to support each other.

Under this model, the aim is to provide a basic income to people who need it. The government proposes a monthly value of 223 thousand pesos. In addition, a life annuity will be guaranteed to people who are not able to contribute every week.

In this system, there is also the possibility of making voluntary contributions in order to increase the pension that the person will receive in the future and, in addition, This document is built with a gender approach.

It should be noted that, From the same government, it was assured that people who are already pensioned will not suffer any changes if this new model is implemented.