This is the maximum that a pensioner can receive in Colombia: it is equivalent to 25 SMMLV

With the pension reform that the National Government presented to the Congress of the Republic, doubt has arisen in millions of Colombians who They still don’t know how this project will impact them.

One of the main initiatives of the Petro Government reform is to expand real protection coverage for old age, through three mechanisms: solidarity income, life annuity and pension.

Another of the key points that changes the reform It is the current pension system, since the parameters for quoting in Colpensiones would change, as well as the conditions to do so in private funds.

Given this, one of the most frequently asked questions among Colombians is How much is the maximum that a pensioner in Colombia can receive?

As explained by Bank of the Republic on their website, the pensions that recognize “They have a maximum legal limit of 25 times the monthly legal minimum wage in accordance with Law 797 of 2003.″.

How much is the maximum amount that a pensioner can receive in Colombia?

With the minimum salary stipulated for 2024, being 1.3 million pesos, The maximum that a person can receive is 32.5 million pesos.

Notably 12% of their pension allowance is taken away from pensioners for health contribution, less to those who earn between 2 and 3 current legal monthly minimum wagesa range that for 2024 is between 1.3 million and 3.9 million pesos.

Old age pension

This seeks to provide people with relief when retiring from active work life. For this, three factors need to be taken into account:

• Age: men 62 and women 57.
• Quoted weeks: 1300 weeks.
• Capital: people who have good savings can request a projection of their pension allowance and retire early.

Disability pension

It is the type of pension that can be requested when you lose 50% or more of your working capacity. You must also meet these requirements:

• Have a minimum of 50 weeks of contributions within the last three years prior to the date it was decreed by the ARL or EPS.
• If you are under 20 years old, you must have contributed 26 weeks in the last year.
• If you are over 21 years old, you must have contributed 50 weeks during the last three years before the accident.

Survivor pension

It is what the beneficiaries (children or spouse) access when the worker dies, but you can also obtain it if one of your family members dies.

• The requirement for this pension is to have 50 weeks of contributions within the last three years before death.