Changes in the pension system in Colombia

Since last August 1, more than 100 special pension regimes that allowed an employee pension could be 25 years of work were removed. This change precludes the President from the Republic and members of the Armed Forces. No Colombian may retire with an allowance above 25 minimum wages (12 million pesos 975 000 today.)
The reform also provides that from 2014 the retirement age will increase by two years so that women will rise from 55 to 57 years, whereas men will pass from 60 to 62 years.

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