Desafíos de Sostenibilidad y Equidad: Una Evaluación Crítica de la Reforma Pensional Propuesta

Abstract

The article addresses the critical challenges faced by the pension system in Colombia, analyzing it through a diagnosis of its issues and deficiencies, the significant changes and weaknesses in the system produced by the "Change for Old Age" bill, as well as violations of the principles of legal security and good faith, in order to finally provide recommendations regarding the aforementioned bill.

High levels of informal labor make proper contribution and fund accumulation difficult. Furthermore, limited coverage leaves many individuals without pensions upon retirement, exacerbating economic inequality and financial insecurity in old age. The need for structural reforms to improve equity, resource management, and system coverage is emphasized. It is also identified that the lack of transparency in fund administration and the uneven distribution of pensions generate skepticism and disparities. The threat of future insolvency stems from factors such as population aging and insufficient savings.

The government must demonstrate the viability of coverage and profitability of the reform, assuring Colombians that their contributions will be supported. This article presents a diagnosis of the challenges in the current system and analyzes the "Cambio por la Vejez" bill, highlighting notable changes, challenges, and potential consequences.