The payment of the disability pension in Colombia also changes after the reform of President Petro’s government was approved.
The provisions are expected to take into account better recognition for workers who have not been able to continue contributing in the country.
The disability pension in Colombia, it is worth remembering, is another cause of greatest weight in the country, although due to its characteristics it has other provisions.
According to the current rule, if the disability is greater than 50% and less than 66%, there is the right to receive an allowance equivalent to 60% of the base settlement income, says the Ministry.
Data reported by the Financial Superintendency of Colombia show that, due to disability, as of April 2024, the portion of retirees with these characteristics accounted for close to 7%.
At the end of April, a total of 2,019,228 pensioners, of which 1,686,731 belong to the RPM and 332,497 to the RAIS.
“This represents an annual increase of 121,271 pensioners (84,856 RPM and 36,415 RAIS). A breakdown of the total shows that 69.8% (1,409,086) were pensioned for old age, 23.3% (469,601) for survival and the remaining 7% (140,541) for disability. According to gender distribution, 54.1% are women and 45.9% are men.”
How will the disability pension be paid in Colombia with the new reform?
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45% of the base settlement income, plus 1.5% for every 50 weeks of contributions credited after the first 500 weeks of contributions, when the decrease in your work capacity is equal to or greater than 50% and less than 66%. %
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54% of the base settlement income, plus 2% for each 50 weeks of contributions credited after the first 800 weeks of contributions, when the decrease in your work capacity is equal to or greater than 66%
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The disability pension may not exceed 75% of the base settlement income.
It is also important to keep in mind that the disability pension in Colombia It can be recognized when it is due to illness or an accident of common origin.
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This payment requires that the worker have contributed 50 weeks within “the last three years immediately preceding the date of structuring of the illness or accident.”
