Pensioners in Colombia will receive more money in their allowances, they will have to pay less for their health contribution

The National Development Plan could benefit part of the pensioners. (Colprensa – Sofía Toscano) – Reference photo

The Government filed on February 6 in the Congress of the Republic the National Development Plan that it called “Colombia, world power of life”, the document that sets the goals in the long, medium and short term, will be processed and approved in the extra sessions called by the executive until March 15.

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According to the senator from the Democratic Center, the text includes 10 of these figures in which the president issues regulations via decree

According to what has been stated, the objective that it sets is “to lay the foundations for the country to become a leader in the protection of life, based on the construction of a new social contract that promotes the overcoming of injustices and historical exclusions , the non-repetition of the conflict, the change in our way of relating to the environment, and a productive transformation based on knowledge and in harmony with nature”.

Within this document is a fragment that talks about what will happen to people who retire in the country. As the president has been saying, Gustavo Petro, one of the principles that he will promote will be the dignity of the quality of life of all Colombians, for which reason his plan proposes the reduction of the quota that they must pay in contributions to the health.

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The additional money that the Government collects, in case the article is approved, will serve to help Family Welfare

It is important to mention that article 62 specifies that it would only be for pensioners who receive the least salaries per month, that is, it would be applied to those who earn between $2.3 million and $3.5 million:

“The contribution to health in charge of pensioners who earn between 2 and 3 minimum wages will be reduced from 12% to 10%, which will be in force as of 2024, after regulation by the National Government, which is part of the social agenda that will be presented to the Congress of the Republic”, reads the draft delivered to the Congress of the Republic.

In this sense, it is important to mention that currently the average health payment provided by these pensioners is from $276,000 to $420,000, so the amount to be paid would be reduced from $40,000 to $70,000, that is, they would be paying between $230,000 and $350,000.

National government will finalize details to present to Congress the National Development Plan and the budget addition

The summit of ministers will take place at the Hato Grande farm; there it is expected that the Conpes approves the document that launches the management of Gustavo Petro as president in the remainder of his term

Let’s remember that at this moment, the pension reform is also moving and the Labor portfolio has mentioned that the 30 articles that compose it seek to benefit the largest amount of the Colombian population possible.

“It is a structural reform, it is not a parametric reform, what we are looking for is how to generate greater coverage, so that all older adults who today are out of the possibility of having a dignified old age, have elements that allow them through from the support of the State to release their resources and thus promote an old age with dignity and that they do not live on the charity of their families”, mentioned last year the Minister of Labor, Gloria Inés Ramírez.

Even the initial proposal is based on a system of pillars: “the complementary voluntary savings pillar, the contributory pillar and the basic solidarity pillar, the latter would benefit nearly 4 million older adults who have no possibility of receiving a pension and for them there would be an income of half a minimum wage that will be paid with resources from the nation’s general budget that are released after the implementation of said bill,” said the Ministry of Labor.

However, an analysis presented by Grupo Bancolombia shows that these modifications would have a negative impact on pension and severance fund administrators, since the contributions would not be enough to cover the payment of the current allowances, which is why that they would have to liquidate part of their investment portfolio, in order to clean up the loss.

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