The Comptroller General's Office asserts that the Petro administration's minimum wage increase is putting pensions in Colombia at risk, revealing a $4.2 trillion deficit.
Americas1 source1 country🔦 Under-reported39m ago
The Colombian Comptroller General's Office has issued a warning regarding the financial stability of the national pension system, citing a deficit of 4.2 trillion pesos. This fiscal strain is attributed to the recent increase in the minimum wage mandated by the Petro administration.
As the year-end season approaches, concerns have emerged regarding the potential impact on pension payments. The Comptroller's report highlights that the current funding shortfall poses a significant risk to the disbursement of benefits for thousands of retirees across the country.
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Infobae (Buenos Aires, Argentina) (AR)Focuses on the potential loss of year-end pension payments
Newz