The Constitutional Court upholds most of the reform, while the new administration moves to repeal the 30% cap on international pension fund investments.
New draft decree raises concerns across Colombia’s private pension system
March 12, 2026 by
Labor Ministry proposal would require AFPs to transfer more than USD 6.8 billion to the state pension administrator Colpensiones.
Colombian Government steps back from pension fund repatriation
December 24, 2025 by
A newly released draft decree on capital markets development omits any reference to mandatory repatriation, signaling a shift toward strengthening local markets through regulatory reform rather than direct intervention—at least for now.
Outlook for pension reform looks fairly good but with deadlines
March 4, 2024 by
Mid-June is the deadline for legislative proceedings for the government bill. Political negotiations will be intense.
Industry associations prepare arguments for repositioning of pension debate
January 15, 2024 by
The main concern is the fiscal cost and the impact on the financial market.
Pension reform in Colombia: definition time gets closer
June 16, 2022 by
The results of this first round of elections (Gustavo Petro 40% and Rodolfo Hernández 28%) guarantee a lively discussion on pension reform before the runoff election on June 19.
OECD recommends single compulsory pension scheme for Colombia
March 10, 2022 by
The Colombian pension association used the report to promote conversion of the pay-as-you-go state-run scheme to the AFPs and the creation of a state-run AFP.
Colombian legislator proposes allowing older workers to leave AFPs and join government retirement system
September 29, 2021 by
Colombian AFPs and the Ministry of Finance oppose the initiative but in the political world there is interest in a far-reaching rethink of the pension system.
Bill in Colombia would shift USD 12 billion from AFPs to public system
October 11, 2020 by
The measure seeks to lure wealthy AFP affiliates to the public system by subsidizing a more attractive pension payout, says Asofondos's Jorge Llano Salamanca.
Colombian AFP association adds voice to coming 2020 reform package
November 16, 2019 by
Jorge Llano Salamanca of private pension association Asofondos, argues that Colombia is hampered by problems in the public pension sector, which he views as unsustainable.
