Administradoras de Fondos de Pensiones (las AFP)

Pension Funds Managing Companies (S003)

There are around 8 entities in Colombia. Register the service providing companies related to employee retirement.

Payable amounts to these entities are deposited in a single account which is managed by a government authority. The company must issue a list of values and employees

For this, the list must contain the following content:

Code for internal system control;
Entity Description;
NIT (Tax Identification Number)
Single Spreadsheet Code

Associate the company to the employee through the Employee Registry.

Pension Fund Table (S015)

Fill out the fields with the percentages of the Company and the Employee.                

Salary Type

Salary Value

Ceiling

Employee

Company

Full

Consider 70% of the full salary value

25 times the Minimum Wage or $ 11,573,500 pesos.

4%

12%

Ordinary

100% of the ordinary salary

25 times the Minimum Wage or $ 11,573,500 pesos.

4%

12%

See Also

Employee Register