Although last January 31 was the last day to make the payment of interest on severance pay, today, February 14, is the deadline for employers to make the deposit of what corresponds to severance pay, as announced through its twitter account the Ministry of Labor.
It should be noted that according to information from Asofondos, last year Colombians affiliated with pension and severance funds such as Porvenir, Colfondos and Protección, made withdrawals from their severance pay for an estimated value of 7 billion pesos. Likewise, the entity clarified that those who have access to this benefit can withdraw their severance pay in the following cases:
– Lack of employment.
– Purchase or arrangement of housing.
– Education payment.
– Lack of capital due to the current pandemic situation.
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If the figures for 2020 are compared with those for 2021, the withdrawal of unemployment benefits was 13.2% more than the year in which the covid-19 pandemic began (2020), and more than half of the millionaire figure it was used for the purchase and remodeling of housing; this accompanied by the subsidies provided by the National Government. In addition, more than 8 million workers joined private severance funds.
For his part, Santiago Montenegro Trujillo, president of Sorondo, affirmed that having these resources in the midst of the current situation is very important for Colombian workers and shields the economic condition in the event of loss of employment or drop in income, as well as the management that employers carry out.
An important fact that should be kept in mind is that in the event that the employer does not pay the severance pay today, as the deadline, the penalty is one day’s salary for each day of delay in this payment.
