Employers in Colombia deposited COP 18.16 trillion for their workers' severance pay
Severance pay is equivalent to one month's salary per year worked and is deposited in authorized funds. Photo: Istock
TL;DR
- Employers deposited COP 18.16 trillion in severance pay in 2025, an increase of 12.82% nominally and 7.34% in real terms.
- 13.3 million workers were affiliated with severance pay funds as of December 2025.
- 59.9% of affiliates are located in Bogotá, Antioquia, and Valle del Cauca.
- Withdrawals for contract termination represented 35.6% of total severance pay withdrawals.
- Porvenir collected over COP 7.18 trillion, a 13% increase from the previous year, setting a company record.
- 45% of Porvenir's severance pay withdrawals were processed through digital channels in 2025, a 7% increase.
- Key withdrawal purposes included housing (COP 1.69 trillion), contract termination (COP 2.11 trillion), property repair (COP 1.25 trillion), and education (COP 463.5 billion).