Illustration of Colpensiones president demanding transfer of pension funds in a government meeting.
Illustration of Colpensiones president demanding transfer of pension funds in a government meeting.
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Colpensiones demands transfer of over 27 trillion pesos from private funds

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Colpensiones president Jaime Dussán demanded during the Council of Ministers the immediate transfer of more than 27 trillion pesos from private pension funds to the public entity for affiliates who switched to the public regime.

Dussán reported that Colpensiones has already received 129,359 affiliates from the private funds and has recognized 24,320 pensions. He added that another 8,466 contributors have met the requirements, raising to 32,786 the number of people whose resources must be transferred immediately.

The official detailed that Porvenir contributed 65,561 affiliates, Protección 38,131, Colfondos 20,653 and Skandia 5,014. He recalled that the obligation is established in Law 100 and in article 76 of Law 2381 of 2024.

Dussán warned that if the private funds do not deliver the resources, hundreds of thousands of tutela actions will be filed. President Gustavo Petro ordered the Legal Secretariat to act against officials who violate the Constitution and announced new decrees to guarantee the transfer of savings.

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Initial discussions on X primarily consist of neutral reports from Colombian media outlets and official accounts detailing Colpensiones President Jaime Dussán's demand for the immediate transfer of over 27 trillion pesos from private pension funds to cover affiliates who switched regimes, warning of potential legal actions like tutelas.

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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.

Jaime Dussán, president of Colpensiones, announced meetings and technical tables with sector actors to discuss Decree 0415 of 2026, which governs the transfer of $25 trillion from private funds to Colpensiones. He specified that $20 trillion will go to current contributors and $5 trillion to pensioners. He noted that around 109,000 people have been transferred, with nearly 24,000 now receiving monthly payments.

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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.

The Colombian Pension Administrator, Colpensiones, ended 2025 with total incomes of 2.25 trillion pesos, 21% more than in 2024. The net result was a profit of 722.904 million pesos, 24% higher than the previous year. These figures reflect strong financial performance driven by commissions and operations.

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Colombia's Labor Minister Antonio Sanguino defended the government's labor and pension reforms at the XIX Asofondos Congress, representing President Gustavo Petro. He respectfully urged the Constitutional Court to advance its review of the suspended pension reform. He highlighted preliminary progress despite the suspension.

Vice President Carlos Cuerpo defended budget modifications in the Senate and insisted European funds went exclusively to the Recovery Plan.

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Javier Milei's government will authorize coparticipation fund advances to 12 provinces facing fiscal difficulties via decree, at a rate close to 15%. The measure addresses falling tax collections and aims to prevent salary payment issues. Officials note the rate is below market levels.

 

 

 

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