Minimum wage in 2027: pensioners are waiting for the new increase and this is how they would benefit from the upcoming rise

Recent reports highlight two distinct developments regarding pension policies in Latin America. In Colombia, pension adjustments for 2027 are set to follow two specific rules: payments equivalent to the minimum wage will increase in line with the minimum wage percentage, while higher pensions will be adjusted based on established variation metrics.

Simultaneously, in the Dominican Republic, Deputy Rogelio Alfonso Genao has introduced a legislative proposal aimed at restructuring the pension system. The bill seeks to mandate that workers receive pensions equivalent to 60% to 70% of their previous salary. To achieve this, the proposal suggests reducing the administrative fees and profits currently collected by pension fund administrators (AFPs).