Colombian Constitutional Court Upholds Pension Reform, Former President Uribe Proposes Counter-Bill
Colombia's Constitutional Court has largely upheld the pension reform, Law 2381 of 2024, with its provisions set to take effect on April 1, 2027. The court's decision, reached with a seven-to-one vote, sends nine articles or parts of articles back to the Chamber of Representatives for procedural defect repairs within 30 working days. The reform establishes a pillar system centered around Colpensiones, the state pension administrator, where contributions on the first 2.3 monthly minimum wages will go. Earnings above this threshold will continue to flow into private funds chosen by workers. In response to the ruling, former president Álvaro Uribe Vélez and the opposition Centro Democrático party have announced plans to file a counter-bill. Uribe's proposal outlines a system where Colpensiones would be maintained for current affiliates but closed to new members and transfers, with all other contributions managed by private funds, backed by a minimum-pension guarantee. 
