In the midst of the current controversy around the debate on the pension reform that the government of President Gustavo Petro intends to implement, The Financial Superintendence reported that the mandatory pension funds reported losses of 28.8 billion in the first half of this 2022.
The balance was also negative for the reserves of the old-age funds of the average premium regimethe one who manages Colpensionswhich in the same period they stopped receiving 190,000 million pesos.
However, the Private Fund Administrators (which manage the funds under the personal accounts modality) revealed that between July and August rrecovered 2.5 billionthanks to a better behavior of the market.
A report published by Blu Radio also indicates that the negative balance of the private regime is due to losses in the Moderate Pension Fundwhich concentrates the bulk of the savings of those affiliated to the private regime, which manages a total of 335 billion pesos in savings of the 18 million affiliated workers.