Petro asked to sue magistrate for prevarication over ruling on the transfer of $5 trillion
What happens if you retire at 1400 weeks? Photo: iStock
TL;DR
- President Petro has called for a criminal lawsuit against a Council of State magistrate for prevarication.
- The lawsuit stems from the provisional suspension of a decree regulating the transfer of funds from private pension funds to Colpensiones.
- The Council of State extended the suspension to the entire decree, previously only partially suspended.
- The core issue involves approximately $25 trillion in pension resources slated for transfer.
- Petro argues the judicial decision benefits bankers over workers and contravenes existing law.
- The debate continues regarding the "window of opportunity" for pension transfers, even with the pension reform itself facing suspension in the Constitutional Court.
- Prevarication in Colombia refers to a public official making a decision contrary to the law.