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.
Colombian AFPs want more contributors in system, even if they receive less from each affiliate
June 12, 2018 by
Instead of two regimes (state-run pay-as-you-go and AFPs) competing, there should be a single system based on government social security and individual contributions to public and private AFPs, says the Colombian pension association.
