Within the framework of the pension reform debates within the House of Representatives
We need to put into consideration by the neighborhood some points that ought to
analyzed and mentioned in additional element within the remaining debates.
The first challenge is expounded to the quantity of contributions that might essentially go to the
contributory pillar administered by Colpensiones of two.3 SMLMV, particularly by the
lightness with which it has been dealt with by the National Government and that has a
neuralgic significance within the new system as a result of any enhance within the
threshold will imply a better State pension debt sooner or later, but in addition
Any lower will suggest a decrease pension worth sooner or later, particularly
the youngest, in addition to a disincentive to financial savings and complementary perform
which might now be assumed by non-public funds. Judicious evaluation is required to attain the
correct stability.
The second level is expounded to the designation of the Bank of the Republic
as a financial savings supervisor of the contributory pillar, as a result of it could ultimately generate
a battle of curiosity between the primary perform of the Bank, which is the management of the
inflation and its obligation to generate returns for this fund. This, as a result of within the
occasion that requires taking measures to manage inflation, they are often
counterproductive in opposition to the seek for profitability of mentioned fund. Additionally,
there’s a danger of placing one of many best property of our economic system in danger.
which is the macroeconomic stability of the final decade and which should be
primarily to the independence and competence of the Bank of the Republic. The truth
That the Bank of the Republic is without doubt one of the most competent entities doesn’t imply that
This designation is essentially the most applicable, in order that they should be included within the legislation
mechanisms to stop these results.
Thirdly, the one-year interval for the legislation to come back into power is worrying.
reform, particularly since most of the points raised in it are
topic to regulation by the National Government in several areas and
that require the interplay of various Ministries and public entities, added to
that Colpensiones isn’t ready to imagine the pension histories of the
90% of the contributing inhabitants. It should be thought-about {that a} reform of this model
It requires numerous element and care in its rules for its implementation,
however evidently the urgency for it to come back into power on this Government prevails over the
have to implement it properly.