Only 1 out of 100 Colombia house workers have formal labor contract
Despite a series of laws meant to encourage the transition toward the formal workforce,...
Tag: pension
Un vs under-employed: A look at Colombia’s massive informal labor sector
Colombia’s unemployment rate in the first trimester of 2014 stood at 10.5%, according to the...
Colombia constitutional court hears case on govt official pensions
Colombia’s constitutional court met for a hearing on Thursday over the future of pensions for former ministers and former congress members. “These decisions affect the goal of improving the financial sustainability of the...
Colombia’s wealthy elderly to be taxed more to support poor
The elderly population of Colombia who get a pension of around $5,500 and up a month will be taxed 5% in order to subsidise over 65’s in need, reported local media Tuesday. Colombia’s Finance Minister Mauricio...
Colombian chamber files law to cap pension by 40%
Colombia’s congress is planing to put a cap on pensions of the country’s wealthiest, financial paper, Portfolio reported Tuesday. A pending law would drastically lower the maximum pension from 25 to 10 times the...
Santos gives go-ahead to pension reform
Colombian President Juan Manuel Santos on Thursday announced the creation of a three-party commission composed of government employees, businesspeople and workers to analyze ways to push forward pension reform. The head of state...
88% of workers have social security, 30% have pension plans
Statistics show that for the period January – March 2011, 88.5% of Colombian workers were enrolled in the state social security program, while only 30.2% were involved in a pension program, the national statistics...
