Summary.
Article 1 grants a retired person who continues paying contributions to the Social Security Fund (Caja de Seguro Social) after recognition of their retirement the right to have those contributions increase the amount of their retirement pension. The proposed increase is tied to the contributions the person continues to pay: the provision applies when contributions continue after retirement has been recognized. The right concerns the pension the retired person already receives and the contributions made after that recognition.
The same article provides that the right is to take effect retroactively and include the corresponding interest. Retroactive effect is part of the proposed right for the retired people covered by the provision. Interest would accompany the retroactive application of the pension increase. The article thus brings together the right to an increase based on contributions paid after retirement and the retroactive effect of that right, including interest.
Article 2 states that the draft bill adds an article to Law 462 of 2025. That is the legislative amendment proposed to incorporate the right described in Article 1. The bill identifies Law 462 of 2025 as the law to which the article would be added. Its statement of reasons also mentions Law # 33 of 33 of 3333 of 2025 when referring to changes in the social security framework; that reference provides context for the proposal. The addition specified in Article 2 is the amendment set out in the operative provisions.
Article 3 sets the effective date as the day after promulgation. This provision determines when the proposed law would begin to apply if it completes the legislative process and is promulgated. Read alongside Article 1, it places the commencement of the proposed law at that point while preserving the retroactive effect assigned to the right to a pension increase, including the corresponding interest. The operative provisions therefore address the right of people who continue contributing after retirement, its incorporation into Law 462 of 2025, and the proposed law’s commencement.
The public entity involved is the Social Security Fund (Caja de Seguro Social), to which the contributions considered for the increase are paid. The proposal could interest or affect retired people who continue working and contributing, as well as employers in the sectors where those people work. It also concerns the retirement pension system and the administration of social security contributions.
What it proposes.
- Retirement pension increases based on contributions paid after retirement is recognized.
- Retroactive effect of the right and inclusion of interest.
- Addition of an article to Law 462 of 2025.
Who it would affect.
- Retired people who continue paying contributions to the Social Security Fund (Caja de Seguro Social) after recognition of their retirement.
- Social Security Fund (Caja de Seguro Social).
Key points.
- Grants a pension increase to a person who continues paying contributions after their retirement is recognized.Art. 1
- Ties the pension increase to post-retirement contributions paid to the Social Security Fund (Caja de Seguro Social).Art. 1
- Provides that the right takes effect retroactively.Art. 1
- Includes the corresponding interest in the retroactive application of the right.Art. 1
- Adds an article to Law 462 of 2025.Art. 2
- Sets commencement for the day after promulgation.Art. 3