"Necessary savings for minimum wage pension went from $350 to $550 million" President Protección
Juan David Correa, president of Protección, reveals that the minimum wage increase made retirement 50% more expensive. He also warns of fiscal risks in the reform and defends the profitability of fund investments abroad.
TL;DR
- The cost of saving for a minimum wage pension has increased by 50%.
- The minimum wage hike is cited as the reason for the increased cost.
- Fiscal risks in pension reforms have been identified.
- Investments made by pension funds abroad are considered profitable.