Pensions at a Glance
Latin America and the Caribbean
This comprehensive examination of pension systems in Latin America and the Caribbean looks at recent trends in retirement and working at older ages, evolving life expectancy, design of pension systems, and pension entitlements before providing a series of country profiles. The special chapter analyses the coverage and adequacy of Latin American pension systems.
Also available in: Spanish, Portuguese
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Colombia
The system allows people to choose between a defined-benefit system (Regimen de Prima Media – RPM) managed by a public sector entity, and the Individual Savings System with a welfare benefit (RAIS) managed by the private sector. For new affiliates, there is a Minimum Pension Guarantee Fund (MPGF).
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