ssptw the americas 2005 87 colombia exchange rate us 1 00 equals 2 338 14 pesos old age disability and survivors regulatory framework first law 1946 implemented in 1965 current 1993 social insurance 1994 with 2003 amendments type of program mandatory individual account system note insured may choose either or accounts switch membership every 3 years labor code requires larger employers to provide generally similar benefits employees regions where has not yet been applied coverage all including public sector domestic workers new joining state oil company ecopetrol after january 29 self employed is being gradually extended exclusions agricultural some voluntary possible special systems for who joined before 30 teachers armed forces personnel national police source funds person 75 earnings 875 from 2006 plus income greater than four times minimum wage between 0
