Tuesday, September 26, 2023
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Colombia’s President celebrates decision on women’s pension

Bogota, Jun 6 (Prensa Latina) Colombia’s President Gustavo Petro on Tuesday celebrated the Constitutional Court (CC)’s decision on having declared undue the requirement of 1,300 weeks of contribution for women to obtain their pension.

“I think the Constitutional Court made an excellent decision to value the Pension Reform even more for financing this great achievement of working women,” the head of State pointed out.

Such a bill, currently being processed in Parliament, proposes the system to be balanced with a structural change that will lead to universal coverage, among other issues.

It also establishes a gender focus, in which for each child raised by a woman, 50 weeks will be reduced as a requirement for her pension, a benefit that will cover a maximum of three children.

According to the CC, it is up to Congress, in coordination with the Government, to define a regime that equally guarantees both the effective access to the right to an old age pension for women, especially for those heads of their families, and closing the historical gender gap.

In view of the need to address the principle of financial sustainability of the pension system, the CC set that the decision will be in force as of January 1, 2026.

If such regime has not been adopted by that date, the Court established to reduce by 50 weeks for 2026 the minimum number of contribution weeks required for women to obtain the old age pension in the average premium regime.

As of January 1, 2027, the CC will decrease by 25 weeks each year until reaching 1,000 weeks.


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