Pension Reform bill filed for discussion and voting of 95 articles in third debate to begin next week

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Bogotá. –Ten congressmen who are members of the group of rapporteurs of the Pension Reform filed this Friday, May 17, the text so that next week the discussion and voting of the articles in the third debate will begin.

The content of the bill is organized through 95 articles organized in 17 chapters, namely: I) General Provisions, II) Characteristics of the System, III) Characteristics of the Pillars, IV) Pension Solidarity Fund, V) Contribution per weeks, VI) Comprehensive Old Age Pension, VII) Special Benefits vis-à-vis the Old Age Pension, VIII) Disability Pension or pension due to loss of working capacity, IX) Survivors' Pension, x) Other Benefits, XI) Administration and financing of the complementary individual savings component of the contributory pillar, XIl) Administrator of the average premium component of the contributory pillar - Colpensiones, XIII) System administration, XIV) Transition regime, XV).

Information system for the integral social protection for old age, XVI) Welfare services for old age and XVII) Final provisions.

Chapter I establishes the General Provisions of the project, in its ARTICLE

1 states the OBJECT, which was previously referred to.

ARTICLE 2 refers to its scope of application, stating that this system in its Semi-contributory and Contributory pillars is to be applied in the following manner

Semi-contributory and Contributory pillars will be applied to all persons residing in Colombia and Colombians domiciled in the country.

Colombia and to Colombians domiciled abroad, and the Solidarity pillar will only be applicable to those persons residing in Colombia.