Viabilidad financiera del programa de Beneficios Económicos Periódicos (BEPS)

Abstract

When humans begin the elderly can be very difficult to obtain resources for their needs because they don´t have same advantages and conditions as the rest of the population. Therefore governments set pension schemes in order to provide an income that allows the elderly to survive supported by the contributions made by the affiliates throughout the life. This document lists the reasons whereby is considered that average premium pension schemes and individual capitalization plans set by government have filed. This is due to the lack of funds because the stock do not cover the monthly payment of affiliates which makes it unsustainable, also the lack of coverage, inequity in payments and the focus in a population with a large percentage of informal employment and unemployment.Later in this document the conditions of the “program of periodic economic benefits” also known as BEPS, promoted by the Colombian state through Colpensiones are studied also the conditions that make it different to existing, pension schemes are considered and their financial viability is determined by a trend analysis based on econometric projections of revenue and expenses variables made by the authors of the document. Finally the results are analyzed and relevant conclusions are made.