ResumenEste articulo muestra el comportamiento que ha tenido el sistema pensional Colombiano. A pesar de que la intencion del sistema ha sido incrementar el numero de cotizantes, lo cual se ha logrado. Esto no ha significado un aumento en el numero de pensionados, ya que la flexibilizacion del mercado laboral ha tenido un impacto negativo en los mecanismos de proteccion del sistema pensional, generandose exclusion e inequidad en el sistema pensional colombiano para el periodo 2002 a 2014 que ha obligado al Gobierno Central a destinar para 2014 un 4.08% del PIB, para cubrir el deficit pensional, con la grave consecuencia que este porcentaje se utiliza para subsidiar las pensiones de cerca de un millon de personas, de altos ingresos, que solo equivalen aproximadamente al 2.5% de la poblacion colombiana. AbstractThis article shows the behavior of the Colombian pension system. Although the intention of the system has been to increase the number of contributors, which has been achieved. This has not meant an increase in the number of pensioners, since the flexibilization of the labor market has had a negative impact on the protection mechanisms of the pension system, generating exclusion and inequity in the Colombian pension system for the period 2002 to 2014 that has Forced the Central Government to allocate 4.08% of GDP in 2014 to cover the pension deficit, with the serious consequence that this percentageis used to subsidize the pensions of close to one million people, which are onlyabout 2.5% of the Colombian population.