NewzThe Supreme Court of Justice of Colombia has issued a ruling allowing private pension funds to withhold and reserve a portion of monthly payments for individuals under the programmed withdrawal pension modality. This legal authorization applies even to retirees who are single and have no children, establishing a new precedent for how these funds manage pension reserves.
This decision clarifies the administrative capabilities of private pension providers regarding the management of programmed withdrawal accounts. By permitting these deductions, the court has affirmed the funds' authority to maintain reserves from pension disbursements, impacting the financial structure of retirement benefits for beneficiaries in this specific category.
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