Colpensiones to hold technical meetings on pension transfer decree

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.

In an interview with La FM, Jaime Dussán explained that the decree sets mechanisms for private funds to transfer resources in TES, as they lack bank-to-bank funds. "They told us they don't have the funds for bank-to-bank transfer. Colpensiones receives them in TES to deposit them in accounts with Fiduprevisora," he specified.

Dussán emphasized that those resources should already be in Colpensiones but have not arrived. "Precisely those resources should already be in Colpensiones accounts, but they haven't entered." Once transferred, they will be managed by the National Government through a fund run by the Banco de la República, awaiting Ley 2381 and Constitutional Court reviews.

Currently, Colpensiones pays pensions using funds from the General Nation Budget (PGN) and contributions, exceeding $78 trillion, with no payment issues. "We have no difficulty paying pensions. As more resources arrive, PGN funds will decrease," he stated.

The executive announced an imminent meeting with the Labor Ministry and the Financial Superintendency at 3:30 p.m. in Bogotá to implement the decree.

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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.

Jaime Dussán, president of Colpensiones, defended the decree ordering the transfer of nearly $25 billones in savings from AFP to the public entity, dismissing concerns over liquidity and profitability. The measure affects 119,632 affiliates who switched regimes, as the financial sector warns of risks to savings. Decree 0415 of April 20 regulates these transfers amid judicial review of the pension reform.

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The National Government filed an appeal before the Council of State to reverse the provisional suspension of a $25 trillion transfer from private funds to Colpensiones. The precautionary measure was issued on April 28 against Decree 415 of 2026. The ministries defend the decree's legality within the pension reform framework.

The Federal Government presented the CNTE with the creation of a Public Insurer to manage ISSSTE pensions in coordination with PENSIONISSSTE. The proposal was explained in a meeting with Martí Batres, Rosa Icela Rodríguez and Mario Delgado. The CNTE stated there are no agreements and will continue analyzing its demands.

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Colombia's National Business Council warned that the emergency patrimony tax inflicts irreversible patrimonial damage on thousands of firms. President Natalia Gutiérrez criticized the government's repeated arguments despite prior court rulings. The group proposed suspending the decree.

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.

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Osvaldo Macías, who led the Pensions Superintendency for ten years, spoke about his exit from the post in March and his role in the pension reform approved in 2025.

 

 

 

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