These would be the beneficiaries and requirements of the survivor pension if the reform is approved

These would be the beneficiaries and requirements of the survivor pension if the reform is approved
These would be the beneficiaries and requirements of the survivor pension if the reform is approved

The pension reform It is in its final stage to become Law; It needs some procedures in the Congress of the Republic that must be carried out before June 20.

Gloria Ramírez, Minister of Labor, has insisted that the reform seeks “equity” and to move forward so that “pensioning in Colombia becomes a right.”

Who would be entitled to the survivors’ pension if the reform is approved?

To access the survivors’ pension, several requirements must be met.

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One of the articles of the initiative addresses the survivors’ pension, the one that the family members of the pensioner receive when he or she dies. The reform makes some adjustments to the conditions necessary to access it.

If approved, the following would be entitled to the survivors’ pension.

  • The members of the family group of the pensioner due to old age or disability due to a common risk of death.
  • The members of the family group of the member of the system who dies, as long as the latter had contributed 50 weeks within the last three years immediately prior to death..

Currently, the minimum amount of weeks contributed is 26 at the time of the pensioner’s death.

They would be the beneficiaries of the survivors’ pension.

The pension reform seeks to make some adjustments to the survivors’ pension.

Photo:iStock

Besides, would be classified as a beneficiary of said pension upon the death of the contributor, according to the reform:

  • For life, the surviving spouse or permanent partner as long as said beneficiary, at the date of death of the deceased, is 30 years of age or older.
  • On a temporary basis, the surviving spouse or permanent companion, as long as said beneficiary, at the date of the death of the deceased, is less than 30 years of age, and is not has procreated children with this person.

The survivors’ pension can be granted after the death of the contributor.

Photo:iStock

  • Children under 18 years of age.
  • Children over 18 years of age and up to 25 years of age, incapable of working due to their studies and if they were economically dependent on the deceased at the time of their death, as long as they duly prove their student status.
  • Disabled children, while the conditions of disability persist.

In the event that there is no spouse, permanent partner or children, the beneficiaries of the pension would be:

  • The deceased’s parents did depend on him financially.
  • The disabled siblings of the deceased if they were financially dependent on the deceased while the conditions of disability subsist.
  • Minor siblings who were financially dependent on the deceased pensioner up to the age of 18.

How much would they pay in survivors’ pension?

Pension.

Photo:iStock

The amount remains under similar conditions to those currently in effect. It would be from “45% of the base settlement income plus 2% of said income for each additional 50 weeks of contributions to the first 500 weeks of contributionswithout exceeding 75% of the base contribution income,” says the reform.

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