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.
The high court adopted the decision in two stages. On April 28 it suspended the transfer of 20 trillion pesos corresponding to affiliates who had not yet consolidated their pension rights. Yesterday it extended the suspension to the remaining 5 trillion pesos, which were due to be transferred on Thursday and belonged to people with already recognized pensions.
President Gustavo Petro criticized the measure and stated that “the State Council ends the right to a pension”. Labor Minister Antonio Sanguino said there are “extralegal” reasons and accused the court of interfering in the Constitutional Court’s competencies.
In contrast, Asofondos president Andrés Velasco welcomed the decision for protecting pension savings. Presidential candidate Paloma Valencia said Colpensiones has sufficient resources to pay current pensions without the transfers.
