It is expected that the Minister of Finance, Ricardo Bonilla, and of Labor, Gloria Ramírez, will attend the debate on the initiative, which must overcome two discussions in the aforementioned legislative body in order to become law.
The proposal, which has already passed the relevant protocols in the Senate, has only 37 days left for its approval, which is the date on which the current legislature will end.
If it is not approved within that period, it will sink due to lack of processing.
The project seeks the creation of a public savings fund to protect the payment of pensions and the construction of a single Comprehensive Old Age Protection System.
Likewise, it proposes increasing protection coverage for the elderly through three mechanisms: solidarity income, life annuity and pension.
Calculations indicate that by 2052 coverage will be 87 percent, that is, more than 13.7 million older people, according to an analysis released by the Ministry of Labor.
In addition, it eliminates extreme poverty in the elderly population in Colombia, since it is estimated that two million 600 thousand elderly adults will be beneficiaries through solidarity income until their death.
On the other hand, with the threshold established in the reform, that is, 2.3 current legal monthly minimum wages, it contributes to the sustainability of the Pension System.
Another of its benefits is that it increases the probability that a woman will be a beneficiary of a pension up to 22 percent.
In Colombia, only one in four people reaches the age with the right to a fair pension, and only one in eight women receives a pension. Pension coverage reaches only 24 percent of the population, as President Gustavo Petro recently denounced.
He asserted that the South American country is the second with the highest level of inequality in old age in Latin America, surpassed only by Haiti.
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