Pension reform: Petro proposes giving older adults $500,000 a month | Retirement | my finances & More Latest News Here


The government of President Gustav Petro It has had a first month, a few first weeks, with a lot of movement and attacking different fronts. To the work he is doing for stabilize energy prices and so that the impact of increase in gasoline not be so strong, the first brushstrokes of what would be his pension reform.

(See: Attorney supports demand to reduce weeks of pension for women).

This Tuesday, September 13, the president explained a first proposal that he has for pensions in the country.

Specifically, he commented that the project would be focused on the older adults who do not have a pension and to whom they would be given full coverage in that sense.

As he explained, adults without a pension would go from receiving the 80,000 pesos per month that is given to them through the Colombia Mayor program to a bonus of 500,000 pesos.

(See: What is the tax reform proposal for pensions).

That money, always as commented by Petro, would come out of private pension funds.

The idea is that part of the contributions that remain in the private funds go to ColpensionesPeter said.

(See: $6 or $10 million?: From what amount would pensions be taxed).

A bonus of 500,000 pesos would be given to older adults who are not pensioned so that they can overcome the poverty line“, he added.

And how much money would be needed to carry out this idea? It would be 1.5 billion pesos per month that would be committed, since Petro makes calculations of 3 million adults who would be given that bonus of half a million pesos monthly.

(See: 66% of people between 55 and 65 years old, at risk of not obtaining a pension).


Pension reform: Petro proposes giving older adults $500,000 a month | Retirement | my finances
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