In the Headlines
February 25, 2025
How the Contributory Pillar Savings Fund Proposed in the Reform Will Be Managed
La República
Labor attorney Camilo Cuervo was interviewed by La República regarding the management of the Contributory Pillar Savings Fund (FAPC) introduced in Colombia's pension reform. A recently proposed bill assigned the administration of this fund to the Bank of the Republic. Mr. Cuervo noted the entity does have autonomy but warned about the state's interference in roles that should belong to the issuer.
"One of the most important issues is assigning functions to the Bank of the Republic to manage pension funds, among others, because the functions of the Issuer do not derive from the law but come from the Constitution itself, specifically Article 371," he said.
READ: How the Contributory Pillar Savings Fund Proposed in the Reform Will Be Managed
"One of the most important issues is assigning functions to the Bank of the Republic to manage pension funds, among others, because the functions of the Issuer do not derive from the law but come from the Constitution itself, specifically Article 371," he said.
READ: How the Contributory Pillar Savings Fund Proposed in the Reform Will Be Managed