Some Changes Introduced by the Pension Reform

Among the changes introduced by the pension reform (Act 2381 of 2024), it is established that, as of July 1, 2025, contracting companies will be obligated to assume responsibility for the direct payment of social security pension contributions, which amounts to 16% of the base contribution income. This payment may be made through a discount from the contractor's fees or be authorized by the latter in the case of being a voluntary contributor. If the contractor has multiple contracts, the payment will be the responsibility of each contracting party for the corresponding amount, which relieves the contractor of this procedure and shifts the burden to the contracting party.

However, one of the contractors' responsibilities will be to report any new events that imply a different basis for the calculation of the base contribution income, such as disabilities, leaves of absence, vacations, or retirement. Additionally, contributions made by self-employed workers with contracts other than personal service contracts, who have a net monthly income equal to or greater than one current legal minimum monthly salary (SMLMV), must be made on a monthly basis, with a minimum contribution base of 40% of the monthly income earned or actually received. On the other hand, self-employed workers with variable income may adjust their contributions based on the weeks worked during the month, eliminating the obligation to contribute for a minimum of 30 days.