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These Pensioners in Colombia Don't Get the Price of Inflation or Minimum Wage: They Have to Do the Calculations.
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Pension in Colombia. Image: Mayor of Ibagué According to the local regulations, not all pensioners in Colombia raise the allowance based on variations such as inflation or the minimum wage. It indicates the law that there are cases in which this payment depends on the saved capital, as well as studies on the life expectations of retirees. The mechanism is the one known as scheduled retirement and is available only to pensioners in Colombia who a…
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