Colombian lawmakers approve pension reform to bolster state fund, aiding 2.6 million elderly.

Colombia's lower house has approved a pension reform bill for the second time, supported by President Gustavo Petro. The bill aims to strengthen the state pension fund Colpensiones by requiring lower-earning individuals to contribute. It ensures payments for those with insufficient retirement savings and benefits around 2.6 million older adults. The bill does not change the pension age, which remains at 62 for men and 57 for women. It must now be approved by the Constitutional Court.