Propuesta y estimación de los costos económicos de extender la cobertura del sistema pensional colombiano

Abstract

In this paper we analyze the long term projection of the current old-age economic protection system in Colombia, as well as the international experience in the design of Non Contributory pillars, and the principles that should guide a reform proposal in this issue. Our proposal includes the expansion of the coverage of the Non-Contributory subsidy outside the Sisben focalization system, a discussion over the ideal amount of the subsidy and the best form of its financing, and a proposed mecanism for a gradual integration between the Non Contributory pillar and the Colombian matching contributions program, called Beneficios Económicos Periódicos – BEPS.