At the forum 'The future of Colombia's pension system', experts like Oscar Becerra and Valeria Martínez recommended raising the retirement age to 65 for both genders in the pension reform. They highlighted improvements in coverage but warned of challenges from informality and transition. Henry Alonso Nomesque Silva emphasized technological advances reducing costs and times.
At the forum 'The future of Colombia's pension system', Oscar Becerra, professor at the Faculty of Economics of Universidad de los Andes, explained that about 25 million Colombians have some link to the pension system, but 15 million do not contribute consistently due to informality. "The pension reform must consider raising the retirement age, ideally to 65 years for both genders," Becerra stated.
Valeria Martínez, senior legal services at Kmpg Colombia, agreed that the reform would expand coverage and benefit vulnerable people with a unified pension, though affected by minimum wage increases. She stressed the need for entities to provide financial education to affiliates and address risks in unifying diverse labor histories.
Becerra noted the biggest benefit is extending coverage to those not meeting requirements, but warned of the unsustainability of a pay-as-you-go system amid accelerated demographic changes. Martínez and Becerra observed that the retirement age issue is politically sensitive.
Meanwhile, Henry Alonso Nomesque Silva, commercial manager for Latin America at Heinsohn, highlighted that technologies like microservices reduce processing times and operational costs. "By making processes more efficient and with fewer errors, response times to users are also reduced," he said, promoting digital self-management and affiliate trust via secure mobile access.
