Pensions

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Dramatic courtroom scene illustrating Colombia's State Council suspending $25 trillion pension fund transfer to Colpensiones, with symbolic money halt and concerned savers.
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State Council suspends partial transfer of $25 trillion to Colpensiones

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Colombia's State Council suspended Chapter 5 of Decree 415 of 2026, ordering AFP to transfer $25 trillion immediately to Colpensiones. The precautionary measure affects savings of those who switched regimes but have not yet met pension requirements. Asofondos requested extending the suspension to the remaining $5 trillion.

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.

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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.

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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Several CDU politicians have distanced themselves from Chancellor Friedrich Merz’s comments on statutory pensions. Merz described pensions as at most a “basic security” for old age. Saxony-Anhalt’s premier Sven Schulze particularly urges consideration of the East German situation.”

President Gustavo Petro defended his pension reform in response to Skandia CEO Santiago García, who warned about minimum wage hikes above inflation. Petro stressed that long-term sustainability relies on national wealth and productivity, not real wages. He highlighted that pensions must adjust to the vital basket.

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The National Taxi Association (Antaxi) has signed an agreement with CEOE and ATA to request coefficients allowing earlier retirement without pension cuts. It is preparing a similar deal with CC OO and UGT for salaried drivers. The measure aims to recognize the arduous nature of the job and could benefit around 100,000 families.

 

 

 

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