Archive · 29 Jun 2025
Colombia's Lower House Approves Pension Reform Again
Colombia's government has been working on changing the pension system, and the lower house of Congress just approved a new version of the reform.
This bill is about making sure that more people have money when they retire.
If you earn less than $800 each month, you will have to save money in the state pension fund.
Also, women who have children may not have to work as many weeks to get their pension.
This bill should help about 2.6 million older adults who don't have enough saved for retirement.
The court ordered a repeat vote because there wasn't enough discussion about the original version of the bill.
Colombia's lower house approved a pension reform for the second time.
The reform aims to strengthen the state pension fund, Colpensiones.
It mandates those earning under $800/month to save with Colpensiones.
The legislation reduces the required weeks for women with children to be eligible for pensions.
The reform will benefit approximately 2.6 million older adults.
- Who
- Lawmakers in Colombia's lower house.
- What
- The lower house approved a pension reform bill.
- When
- On Saturday.
- Where
- Colombia
- Why
- To strengthen the state pension fund and ensure payments for those without sufficient retirement savings.
- Bill Approval
- Second time
- Vote Count
- 97-1
- Primary Fund Affected
- Colpensiones
- Monthly Income Threshold
- $800
- Beneficiaries Estimated
- 2.6 million older adults
- Pension Age
- 62 (men), 57 (women)