economy
May 5, 2026
Government Seeks to Revive the Transfer of $25 Billion to Colpensiones
The National Government filed a plea with the Council of State to reverse the provisional suspension that halted the transfer of $25 trillion from private funds to Colpensiones...
TL;DR
- The Colombian government has filed a plea with the Council of State to overturn a provisional suspension that halted the transfer of $25 trillion from private pension funds to Colpensiones.
- The suspension concerns a key part of the pension reform, specifically the immediate transfer of savings for affiliates who have changed regimes but do not yet meet age or week requirements for retirement.
- Petitioners argue these funds should remain with private administrators (AFPs) to accrue returns until retirement criteria are met, warning of irreversible patrimonial movements.
- The Council of State had provisionally suspended this section following multiple lawsuits, including one supported by major AFPs.
- If the suspension stands, Colpensiones would only receive $5 trillion of the originally planned $25 trillion.
- A separate section of the decree regarding transfers for affiliates who have already qualified for pensions is considered more likely to survive judicial review.
- Legal arguments against the decree include alleged exceeding of regulatory power, financial risks, and potential diversion of power to secure funds before a Constitutional Court ruling.