The pension reform “eliminates mega-pensions, but will be more costly for future generations,” private funds warned.

The Colombian Constitutional Court has upheld the majority of the pension reform established under Law 2381 of 2024. While the ruling validates the core of the government's initiative, the Court mandated that the Chamber of Representatives rectify the legislative process for approximately ten specific articles. Private pension funds have expressed concern that the reform, while eliminating high-value pensions, will impose a greater financial burden on future generations.

Public discourse surrounding the reform remains polarized. Critics, including activist Jerome Sanabria, have challenged the adequacy of the proposed benefit amounts within the government's new social protection system for the elderly. These voices have called for a reassessment of the model, arguing that the current provisions are insufficient for long-term financial security.