Hacia un Sistema Multipilar en Colombia, Reflexiones en Torno a la Política de Vejez

Abstract

The Colombian pension system, as a result of the last great constitutional reform of the nineties, still suffer the problems of coverage, fiscal sustainability and in general effective protection for the old age population. To the preview scenario we must add the inevitable growth of elder population and the reduction of the traditional production pyramid, both being the fundamental corner stone of the pension system, thus increasing the pressure not only over the public finances but also over the target population of the pension policy. For that purpose, this article does an exposition, analysis and development of the concepts that involve an old people policy in conjunction with a multipillar system. It pretends to approach the fundamental lines of multipillar system in the Colombian context by comparing the general results of the pension systems of other countries in terms of cover, profits and fiscal sustainability. Moreover, the advices of multilateral and national organizations were evaluated qualitatively in order to conclude with taking into account pension systems of other countries which already developed that system, as well as advices of multilateral and national organizations, concluding with basic and necessary ideas such as the complementarity between pillars and the old age as a public policy, necessary ideas to change the Colombian pension system.