Despite a series of laws meant to encourage the transition toward the formal workforce, Colombia’s domestic laborers are overwhelmingly part of the country’s large “informal” sector, made up of those workers without…
Colombia’s unemployment rate in the first trimester of 2014 stood at 10.5%, according to the Colombian tax agency (DIAN), a relatively low level for the country. Still, more than half…
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…
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…
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…
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…
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…