economy
Government warns of pension crisis after suspension of decree on transfer of savings to Colpensiones
The National Government expressed its 'deep concern' over the decision of the Council of State to provisionally suspend Decree 415 of 2026, a norm that regulated the transfer of pension resources to Colpensiones.
TL;DR
- The National Government is deeply concerned by the Council of State's suspension of Decree 415 of 2026.
- The decree regulated the transfer of pension resources to Colpensiones.
- The suspension could negatively affect the financial sustainability of the Colombian pension system.
- It may also impede pension payments to individuals who transferred to the public regime.
- The Council of State suspended the decree, citing its reliance on a pension reform (Law 2381 of 2024) that is currently suspended by the Constitutional Court.
- The government asserts that this judicial decision creates an operational and financial blockage.
- The ministries of Finance and Labor signed the joint statement, highlighting the financial unsustainability and legal issues of Colpensiones paying pensions without the corresponding resources.
- The government insists that the resources in question are exclusively for social security and pension payments.
- A total suspension of the decree poses a risk to affiliates by affecting the system's financial sustainability.