- The union works together with the National Government on a bill that creates a monetary transfer for a total value of 1.5 minimum wages, which will be delivered for four months.
- Beneficiaries will continue to receive social protection (health, pensions, and the monetary contribution of the family subsidy), access to management and placement services, and training for job reinsertion.
Bogotá DC, June 28, 2022 – Since 2013, the Family Compensation Funds, through the Unemployment Protection Mechanism (MPC), have supported Colombians who lose their jobs, providing social protection for six months (health, pensions and monetary contribution of the family subsidy), access to management and placement services and training for job reinsertion.
Within the framework of the economic emergency declared by the National Government to address the situation generated by the COVID-19 pandemic, a temporary Emergency Economic Assistance which consisted of a monetary transfer of 2 minimum wages divided into three months.
During the pandemic, the Compensation Funds delivered the emergency subsidy to the unemployed to 537,000 people who lost their jobs, which meant the delivery of more than 1,457 billion pesos.
With the end of the economic emergency, as of July 1, the monetary transfer will no longer be delivered as part of the benefits to the unemployed, returning to the initial benefits that offer health and pension, access to management and placement services, and training for job reinsertion.
Aware of the importance of protecting the unemployed with a monetary transfer, the Family Compensation Funds and the National Government are working together on a bill that creates a monetary transfer for a total value of 1.5 minimum wages, which will be delivered during four months in decreasing installments, and grants the contribution to health and pensions for 1 minimum wage for four months. This bill is awaiting the presidential signature, so the Savings Banks are already preparing its implementation.
“The Compensation Funds have been the most important ally for workers who lose their jobs for many years, but we want to guarantee them greater protection and we know that monetary support is essential in this process. For this reason, we have committed ourselves to this bill that we hope will be sanctioned soon and we can start operating it as soon as possible," said Adriana Guillén Arango, president of Asocajas.
On the end of the emergency subsidy for the unemployed
With the end of the economic emergency, which will take place on June 30, the initial conditions of the Unemployment Protection Mechanism will return. In other words, people who lose their jobs as of July 1 will be able to receive social protection for six months (health, pensions and monetary contribution of the family subsidy), access to management and placement services and training for job reinsertion. , but they will no longer receive the monetary transfer of the Emergency Economic Assistance.
As part of this change and a transition process, the people who currently receive the benefits of the economic emergency will continue to receive them under the assigned conditions; and for the people who are assigned the resources before June 30, they will receive the benefits under the conditions that were presented even if the transfer is made after the end date of the emergency.
Communications – Asocajas.
