Government leaves pension payments for 25,000 retirees uncertain after State Council's halt
The dispute between the State Council and the National Government seems to go beyond the cancellation of the transfer of COP 25 trillion from private funds to Colpensiones; it could now leave pension payments for 25,000 retirees in uncertainty.
Government leaves pension payments for 25,000 retirees uncertain after State Council’s halt The Colombian government is facing a potential crisis as the State Council suspended a decree that allowed the transfer of funds from private pension managers to the public system, Colpensiones. This suspension has created an operational and financial deadlock, potentially impacting the payment of pensions for 25,000 retirees. The government argues that the decree was invalid because it attempted to regulate a pension reform law that is itself suspended by the Constitutional Court.
- The State Council’s suspension of Decree 415 of 2026 has halted the transfer of funds from private pension administrators to Colpensiones.
- The government warns this could jeopardize pension payments for 25,000 retirees.
- The suspension is based on the argument that the decree attempted to regulate a suspended pension reform law (Law 2381 of 2024).
- Colpensiones may be unable to pay pensions if the funds remain in private hands.
- The government insists that only the currently active Law 100 of 1993 governs the pension system. https://www.elcolombiano.com/negocios/pensiones-mesadas-en-peligro-no-pagar-DD36423536
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