Sunday, June 4, 2023

Mintrabajo explains how pension reform will work

Labor Minister Gloria Ines Ramirez Told how the initial pension would work in case the pension reform is fully approved.

Ramirez noted that one of the stipulations for those who wish to retire before reaching the required age or without all paid work weeks is that they have at least 1,000 paid weeks.

(Anticipated Old Age Pension: See how you can apply for it).

,This is a figure that we will put into pension reform for people who have a thousand weeks of contributions. In other words, if you don’t meet the requirements, we advance your pension and continue to deduct the monthly payments you receive until you meet the requirements.”, said the minister.

In the same way, he explained that those who are interested in this benefit will be exempted from the monthly payment, Quoted weeks or what they need to meet the age required to retire.

(The challenges and merits of pension reform, according to Porvenier).

Under the present regime, The minimum retirement age for women is 57 years.Whereas, For men the age is 62 years, Similarly, for both cases, 1,300 weeks should be quoted.

,What will be done is the pension advance and from your monthly payment they will continue to pay you until you meet the missing requirement, either weeks or ageRamirez added.

(Suggestions of the Fiscal Rules Committee on Pension, Health and Petrol).

Lastly, the portfolio manager confirmed that presentations on labor and pension reforms would be made in between 15 and on May 20 at the Congress of the RepublicBy adding this, The public hearing will continue in Cucuta city till next 15th May.

,Pension reform has also started its process in the Seventh Committee of the Senate, where hearings are also being held. We had two days of wide participation hearings this week in Bogota, next Monday there’s a hearing in the city of Cucuta and then they’ll meet to present a paper, and I hope next week they’ll also file a paper on pension reform and follow the debating procedure that should follow in the Congress of the Republic”, he sentenced.

(‘The pension system has the capacity to reform itself’).

Nation World News Desk
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