The possibility of revive allowance 14an additional payment received by pensioners who exceeded 15 minimum monthly salaries, as estimated by the Minister of Labor Gloría Inés Ramírez, has raised different doubts in citizens, who want to understand what benefits and disadvantages this can bring for everyone.
As explained by the Ministry of Justice, the payment of allowance 14 is requested only if the person was pensioned before July 25, 2005 and their pension is not greater than 15 current legal monthly minimum wages. Also if she was pensioned between July 25, 2005 and July 31, 2011 and his pension is not greater than 3 current legal monthly minimum wages.
Those who want it and meet the above requirements, They must submit a document requesting recognition before the pension fundwhich must respond within the following 15 days.
Allowance 14, established by article 142 of Law 100 of 1993, was abolished by Legislative Act 01 of 2005 and was completely eliminated on July 31, 2011. However, according to what Ramírez said, it will be proposed again after the pension reform is processed in the Congress of the Republic.
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Advantages and disadvantages
The potential impact of reviving Mesada 14 in Colombia would represent significant additional income for pensioners, especially those with lower pensions, thus helping to improve their quality of life and alleviate financial pressures.
To understand it better, the allowance was a double payment that was made in the middle of the year for pensioners who received salaries equal to or less than 15 minimum wages, as if it were a bonus.
Likewise, this can help reduce income inequality in Colombia, as it would provide greater support to low-income pensioners.
However, there are several challenges, since it would represent a significant cost for the Colombian government. The Former Minister of Labor and finance expert, Ángel Custodio Cabrera, considers that it would have a significant fiscal impact, which would exceed 2 billion pesos.
In addition, the payment of allowance 14 could affect the sustainability of the pension system in the long term. Careful analysis would be needed, Custodio recommends.
What did the minister say?
It was during the ‘Government with the Popular Neighborhoods’ event in Ciudad Bolívar in Bogotá, where Minister Gloria Inés Ramírez spoke about the proposal: “and the allowance 14 that we would all like – do you know who took it away? -, well to return it we have to reform the Constitution, we remove this system and then we are going to reform the national Constitution”, were her words.
Overall, reviving Counter 14 would have benefits for a select group, but also potential challenges. So far, it is only a possibility but not a fact, since the Government’s pension reform is still under discussion and the allowance is not included, so it would be another negotiation process where its viability is evaluated and the best way to determine. implement it in a responsible and sustainable manner.
