00:00The pension reform almost changed, but it didn't. This week, the House of Representatives
00:05The Chamber voted on the articles that the Constitutional Court ordered it to discuss. The debate began on Tuesday.
00:10It was suspended in the afternoon, then resumed at night and was completed this Wednesday.
00:14What was decided and what does it mean for their pension? The origin of the debate.
00:17In August the Court approved most of the reform, but found a procedural problem.
00:22In June 2025, when the House again approved the text that came out of the Senate,
00:27The proposals of several representatives on nine articles and one article were left undiscussed
00:32New. The Court gave them 30 business days to debate and vote on them. The deadline was the 29th.
00:38October. The House asked for more time, but there was no response. The outcome of the debate: no change.
00:43The text remained the same as the one approved by the Senate. Therefore, no reconciliation between the
00:48Two chambers. The highlights of the debate. The adjustments to nine articles included sensitive issues.
00:54such as details of the savings fund administration under the responsibility of the Central Bank,
00:58the 50 weeks per child born for women who do not meet pension requirements and the
01:03differential treatment for indigenous peoples, black communities, and peasants. One of the
01:07The most heated points of the debate were the commissions for private pension funds. The reform
01:12It included a commission of up to 0.7% on the resources the funds manage. The senator
01:18Jennifer Pedraza, when she was a representative, proposed eliminating the paragraph that included the commission
01:24Regarding the balances, he argued that maintaining the text as it stands resulted in a double commission for the
01:29funds. Representative Alfredo Mondragón explained that the issue has already been resolved in a regulatory decree.
01:34Part of the problem stems from the fact that 0.7% was defined as a ceiling. The plenary session, taking into account that
01:40Any adjustment would require a reconciliation with the Senate, he rejected the change. Pedraza announced that
01:45It would represent a bill to adjust that point. In total, the plenary rejected five
01:50proposals. Víctor Manuel Salcedo withdrew four of his proposals and Jennifer Pedraza withdrew the
01:56new article, which sought to prohibit private pension funds from carrying out operations in the
02:01who have conflicts of interest. What's next? The Chamber will send a report to the Court
02:06The Constitutional Court will review whether the order was complied with or if any errors persist, which will change for you.
02:11With the reform, all members will contribute to Colpensiones up to 2.3 minimum wages,
02:17and above that amount, in the administrators of the complementary component of individual savings.
02:22There will be a solidarity income, close to 230,000 pesos, for senior citizens without a pension.
02:27and a lifetime annuity for those who contributed for between 300 and 1,000 weeks. Today, only one in four
02:33Older people in Colombia are unable to retire. That is one of the problems the reform seeks to address.
02:38The pension reform was scheduled to take effect on April 1, 2027, but Colpensiones requested a postponement.
02:44one more year, until April 2028. The Court has not yet responded.
