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The Straits Times. (2026, October 28). Colombia's lower house rejects changes to pension reform articles. The Straits Times. https://www.straitstimes.com/world/colombias-lower-house-rejects-changes-to-pension-reform-articles
The Straits Times. “Colombia's lower house rejects changes to pension reform articles.” The Straits Times, 28 Oct. 2026, https://www.straitstimes.com/world/colombias-lower-house-rejects-changes-to-pension-reform-articles.
The Straits Times. “Colombia's lower house rejects changes to pension reform articles.” The Straits Times, October 28, 2026. https://www.straitstimes.com/world/colombias-lower-house-rejects-changes-to-pension-reform-articles.
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As of October 28, 2026, Colombia's lower house rejected changes to articles in a pension reform bill returned by the Constitutional Court due to procedural flaws. The rejection means the version approved by the Senate remains intact and will now be reviewed by the court for compliance with its earlier directives.
The proposed reforms aim to strengthen state-run pension administrator Colpensiones, reduce subsidies for high pensions, provide benefits to women with children, and expand coverage for older adults living in poverty. Notably, the bill maintains the current retirement age at 62 for men and 57 for women. All Colombians earning up to 2.3 times the monthly minimum wage (approximately 4 million pesos) must contribute to Colpensiones, while those earning more can choose private pension funds for their surplus income.
The pension reform aims to strengthen the state-run pension administrator Colpensiones, reduce subsidies for high pensions, provide benefits to women with children, and expand coverage to protect older adults living in poverty.
The measure also stipulates that workers who failed to accumulate enough contribution weeks to qualify for a pension will receive aid, while those in poverty who did not contribute will receive a monthly payment of around $75.