Colombia 2026 Pension Reform Keeps Private AFP and Colpensiones Options

During the transition from Gustavo Petro's administration to Abelardo De La Espriella's, the new government outlined the core elements of its pension policy. The reform reverses the previous plan to centralize payouts through Colpensiones, guaranteeing workers the freedom to select either private AFP funds or the state system.

Savings will be held in individual accounts rather than pooled state funds. This strategy promises greater transparency and personal responsibility within the retirement system.