What is Aportes a seguridad social?
Social security contributions fund health, pension and occupational risks. The worker contributes 4% to health and 4% to pension on salary; the employer contributes higher percentages and covers the ARL (occupational risk insurer).
Higher-income workers also pay into the Pension Solidarity Fund (Fondo de Solidaridad Pensional). Contributions are calculated on the Ingreso Base de Cotización (contribution base income).
In practice
From a salary of $4,000,000, $320,000 (8%) is deducted from the worker: $160,000 for health and $160,000 for pension.