Asofondos requested to halt the transfer of the remaining $5 trillion from private funds to Colpensiones
The State Council provisionally suspended Decree 415 of April 20, 2026. The decision stops the immediate transfer of $25 trillion from...
TL;DR
- The Consejo de Estado has provisionally suspended Decree 415, stopping the immediate transfer of $25 billion from private pension funds to Colpensiones.
- The suspended decree aimed to move funds for workers who used the "window of opportunity" to transfer to Colpensiones.
- The Consejo de Estado ruled that the decree contradicts Law 2381 of 2024, which states these funds should remain in private accounts until pension consolidation.
- Asofondos, representing private funds, requested the suspension and is urging for the remaining $5 billion to be included.
- The government, through the Minister of Labor, called the suspension "unacceptable" and stated it favors financial capital over workers' rights.
- Legal experts and former officials largely support the Consejo de Estado's decision, viewing it as a defense of the rule of law against government overreach.