The Minister of Labor, Gloria Inés Ramírezexplained how the early pension would work, in the event that the pension reform is approved in its entirety.

Ramírez said that one of the requirements that people who aspire to retire before reaching the required age or without having all the paid work weeks must meet is that they have at least 1,000 paid weeks.

(Anticipated old-age pension: see how you can apply for one).

It is a figure that we will have in the pension reform for those people who have a thousand weeks of contributions. In other words, if you have not met the requirements, we advance your pension and from the monthly payment we receive we continue to extract the fee until you meet the requirements.”, said the minister.

In the same way, he explained that people who aspire to this benefit will be discounted, from the monthly payment, what they need to meet the quoted weeks or the age required to retire.

(Challenges and virtues of the pension reform, according to Porvenir).

under the current regime, The minimum retirement age for women is 57 years.while, for men, the age is 62 years. Likewise, for both cases, 1,300 weeks must be quoted.

What would be done is advance the pension and from your monthly payment they would continue to pay you until you meet the missing requirement, either the weeks or the ageRamirez added.

(Suggestions of the Fiscal Rule Committee on pension, health and gasoline).

Finally, the portfolio manager reaffirmed that the presentations on the labor and pension reform will be made between 15 and May 20 in the Congress of the Republicadding that, For next May 15, the public hearings will continue in the city of Cúcuta.

The pension reform has also begun its process in the Seventh Committee of the Senate, where the hearings are also taking place. We held the hearing in Bogotá, two days this week, with a broad participation, next Monday will be the hearing in the city of Cúcuta and after this they will meet to present the paper, and I am hoping that next week they will also file a paper on the pension reform and follow the debate process that must have in the Congress of the Republic”, sentence.

(‘The pension system has the capacity to reform itself’).