Petro Government Seeks to Change Pension System Rules Again with Reform Under Review

TL;DR

A draft decree seeks to alter rules for recent transfers to the public pension regime.
The measure aims to correct a growing financial imbalance affecting Colpensiones.
AFPs must transfer the full capital and financial yields of transferred affiliates to Colpensiones.
This transfer must occur within 15 business days of the decree's effective date.
Colpensiones, by assuming all risks, should receive assets backing obligations from the transfer's effective date.
The decree repeals previous guidelines on this process.
The situation originates from a law allowing exceptional and temporary regime transfers for individuals nearing retirement.

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