Impacto de la reforma pensional y escenarios alternativos

Abstract

"This article presents an evaluation of the Colombian General Pension System. It shows two alternative ways for reforming that System. The first one refers to the reform proposed by President Álvaro Uribe, the second one proposes a long term concentration on the Individual Savings Regime, which includes the creation of a pension fund managed by the National Social Security Institute (Instituto de los Seguros Sociales). The results of simulating both alternatives show that although the reform proposed by the Government improves the present situation of the pension system, the impact of the alternative reform, the one that focuses on the Individual Savings Regime, is larger."