Regulations for incorporation into the contributory Capitalization regime of the Social Security Fund (CSS)

Incorporation into the contributory component of solidarity capitalization

The insured individuals who can exercise the irrevocable option to switch to the Contributory Component of Solidarity Capitalization are the following

• Employees participating in the Exclusively Defined Benefit Subsystem, as well as workers enrolled in the Mixed Subsystem who will retire by February 29, 2032.
• Self-employed workers enrolled in the Personal Savings Component of the Mixed Subsystem, who joined the Social Security Fund since January 1, 2007.
• Seasonal agricultural and lower-skilled construction workers.
• Workers incorporated into the Voluntary Insurance Regime.

Irrevocable option to change system 

The insured individuals described in the previous section may voluntarily exercise the option to switch to the Contributory Component of Solidarity Capitalization until March 17, 2026. Once the deadline has passed, the decision will be irrevocable.

Insured individuals enrolled in the Exclusively Defined Benefit Subsystem who do not opt to switch to the Contributory Component of Solidarity Capitalization will remain in it, regardless of the age at which they voluntarily decide to apply for the Retirement Pension for Old Age.

Insured individuals enrolled in the Mixed Subsystem who do not opt to switch will remain in it until February 29, 2032. From March 1, 2032, they will be incorporated into the Contributory Component of Solidarity Capitalization.

Retirement pension for old age

The retirement pension for the old age of insured individuals enrolled in the Exclusively Defined Benefit Subsystem, who decide to remain in it, will be calculated in accordance with Article 181 and other related provisions of the Consolidated Text of Law 51 of 2005, once the application is submitted and the established conditions are met

Mechanisms to exercise the option

The exercise of voluntarily switching to the Contributory Component of Solidarity Capitalization will be carried out through:

• The technological system means that the Security Fund will be made available to the

insured.

• Physical form that the Social Security Fund will make available to the insured at the

National Executive Directorate of Economic Benefits and at Administrative Agencies

nationwide.

Regardless of the means used by the insured to exercise the option to switch, they must access their individual account in MI CAJA DIGITAL to ensure that the decision is made in an informed manner.

This resolution will come into effect upon its publication in the Official Gazette.