Felipe Galvis Rincón, Porvenir's commercial vice president, shared details on severance pay in Colombia at a La República event. Out of 10.8 million workers with access to this benefit, over 5 million are affiliated with Porvenir. The fund anticipates collections nearing 17 or 18 trillion pesos for 2026.
Felipe Galvis Rincón, Porvenir's commercial vice president, provided an update on severance pay during a presentation hosted by La República newspaper, just 10 days before the consignment deadline. In Colombia, 10.8 million workers are entitled to this social benefit, with over 5 million affiliated to Porvenir—a figure the fund aims to grow through enhanced support for employees and employers in withdrawals and deposits.
Galvis emphasized Porvenir's goals to streamline processes, including online training and tools to ease resource management. At the end of 2025, the system collected over 16 trillion pesos in severance pay, with projections for this year approaching 17 or 18 trillion. The consignment deadline is February 14, but as it falls on a non-working day, employers have until February 16 as the maximum deadline.
"We must keep the invitation alive for employers and business owners in Colombia to honor this commitment to their workers, which works for the well-being and progress of workers in Colombia. It is a mechanism to close those social gaps, which also allows workers and their families to fulfill dreams," Galvis stressed. He advised workers to check their balances before February 16 to confirm accurate deposits.
Severance pay constitutes annual savings equal to one month's salary for formal workers, usable for contract termination, housing purchase or improvement, or education. "The main uses of severance pay, and the most important one, is for contract termination to cover periods without work, and now there are two other areas: housing or education," Galvis added, highlighting its role in stability and social progress.
