Colombia high court temporarily suspends decree on pension resources
- Country:
- Colombia
Colombia's top administrative court suspended a government decree that required private pension funds to transfer some 25 trillion pesos ($6.1 billion) to the state-run administrator Colpensiones, according to a court ruling on Tuesday.
The decree, issued on April 23, mandated that private funds transfer the balances of individual savings accounts for workers who transitioned to the public system under a 2024 reform law within 30 days.
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