Long lines overwhelm bank services during pension payouts in Cuba

At the Popular Savings Bank in San José de las Lajas, monthly pension payout days create endless lines and tensions among customers. Prioritized retirees overwhelm services, leaving other users unattended amid fears of running out of cash. Concerns over power outages and cash shortages dominate the daily scene.

Lines form at 7 a.m. outside the Popular Savings Bank in San José de las Lajas, capital of Mayabeque province east of Havana. Retirees collecting monthly pensions of barely more than $6 USD flood the branch, creating chaos with a single line for all procedures.

Mayra, a customer, said: “The first problem is that it’s the same line for all procedures and, as expected, pensioners are the majority. I have no choice but to come back later.” A Commerce Company worker noted she can withdraw only 1,000 pesos a day (under $2 USD), but funds are prioritized for pensions, forcing purchases via Transfermóvil at 10-20% markups.

Mario, an accounting professor, complained: “There are only two tellers working... concentrating the work in a single area goes against all logic.” Yesenia waited an hour and a half for a loan, but only one commercial officer was available. The bank closes at noon, stranding many.

Fears of power cuts and cash shortages fuel frustration. Retirees return daily, enduring waits for essential funds.

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Illustration showing the suspension of a 25 trillion peso pension transfer by Colombia's State Council, with judges, documents, and concerned citizens.
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State council suspends transfer of 25 trillion pesos in pension reform

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The State Council provisionally suspended Decree 415 of 2026, which authorized the transfer of resources from private funds to Colpensiones. The measure affects 120,000 affiliates and completely freezes the transfer of nearly 25 trillion pesos.

Following Wednesday's collapse of Cuba's National Electric System due to a failure at the Matanzas-based Antonio Guiteras power plant, residents in this eastern city face prolonged outages exceeding 30 hours, forcing a reorganization of daily life amid growing resignation.

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The State Council suspended the transfer of 5 trillion pesos from pension fund administrators to Colpensiones. The government expressed deep concern over the impact on pension payments. President Gustavo Petro criticized the decision and announced legal action.

In Holguín, Cuba, scheduled power outages force residents to plan their days around electricity availability. Lien Estrada describes how these cuts, lasting up to six hours, dictate when people can work, connect online, or perform essential tasks. Despite the challenges, she maintains hope for change.

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The Consejo Gremial stated that the transfer of $5 trillion from AFPs to Colpensiones within six days is unnecessary to cover pensions for those who switched via the opportunity window.

A truck of eggs arrived escorted by police to a sales point in Guanabacoa, Havana, this Saturday, drawing long lines of desperate buyers amid shortages. Cartons of 30 eggs sold for 900 pesos as officers managed chaos to prevent fights. More than half of those waiting left empty-handed.

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In a personal diary, Veronica Vega describes the collapse of public transport in Cuba, comparing it to the 1980s and the Special Period crisis. Despite current desperate conditions, hope emerges for change driven by cultural expressions and predictions of transformation. Vega concludes that Cuba is worth it as a place to stay and build a future.

 

 

 

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