Colombia

Basic country data

  • Population 60 and over (2018)
  • 5,973,675
  • % of total
  • 12.1%
  • Population 60 and over (2050)
  • 15,024,983
  • % of total
  • 30.4%
  • Does the country have a social pension?
  • Yes
  • Region
  • Latin America & Caribbean
  • Income group
  • Upper middle income

Data on social pensions

Programa Colombia Mayor

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Programa Colombia Mayor
  • Year first social pension introduced
  • 2003
  • Administrative Organisation
  • Ministerio del Trabajo
  • Legislative Underpinning
  • Law 1251 of 2008

2014

Programa de proteccion social al adulto mayor (Government Paper) (Spanish)

International update: recent developments in foreign public and private pensions

Eligibility criteria

2012

Government of Colombia: Subsido Integral (Webpage) (Spanish)

Adequacy

  • Monthly benefit (local currency)
  • 60,000 Peso
  • US$
  • 32
  • % of GDP per capita
  • 5.0%
  • $ PPP
  • 45.0
  • % of $1.90 poverty line (PPP)
  • 78%
  • Local amount detailed/other benefits
  • Transfer amount varies between districts but must not exceed 60,000 pesos a month.
  • References and notes

2014

Ministrio del Tranajo, Programa Colombia Mayor

Coverage

2012

HelpAge calculation based on number of recipients and level of benefit

Cost

  • Total cost (local currency)
  • 905,760,000,000 Peso
  • Cost as % of GDP
  • 0.1%
  • References and notes

Resources on the pension in Colombia

  • First
  • 1
  • 2
  • Last

Social pensions database

Explore the Social pensions database

Calculator

Calculate the cost of a universal pension in your country