State Council suspends government decree ordering transfer of $25 trillion from private pension funds to Colpensiones

TL;DR

The State Council issued an urgent precautionary measure to suspend a government decree.
The decree ordered the transfer of 25 trillion pesos from private pension fund administrators (AFPs) to the public pension regime.
The suspension was granted in response to a lawsuit filed by Jesús Hernando Baena Álvarez.
The court's decision aims to prevent irreversible consequences before the decree's legality is determined.
The decree, part of the government's pension system regulation, included deadlines for resource transfers.
The suspension maintains the status quo in the administration of the affected pension resources.

Continuar leyendo el artículo original