Our Pension at Risk?
The deep crisis in the financial world has been hooked on all those who are related to private pension funds and voluntary contributions or any part of the statement of solidarity. Sure, the thing in other country is not as serious as in the United States, but before such a tremendous financial risk is latent, without involving a red alert, even when taking into account the disturbing news January 2008 the pension system and unemployment had losses of more than 2 billion dollars and the recently announced as the same entity that following the bankruptcy of Lehman Brothers will hit at least five fund administrators Pension (AFP) for a value close to the 55,000 million pesos and that those losses could be reflected in the next few excerpts received by savers.
When you read things like these can not but be alarmed. But with all the information that we have, starting with the extracts from our own individual pension and unemployment and ending with explanations encouraging the Minister of Finance, I am convinced that we must not alarmed, at least for now. We’re not in the position of contributors in the United States, Mexico, Chile or Argentina, especially those who do the voluntary plans in the USA), which have seen their time away in a huge siphon money by the collapse in stock indices. Remarked here that the only case in U.S. funds, public and private pension and private retirement accounts of workers-the so-called 401 (k) – have lost nearly 30 percent of its value in the last year! Therefore, as the Superintendent, the impact of the latest loss is a minimum of 55,000 million (losses of the new year had already been recovered for the month of April) when compared to the overall volume of portfolio investment Fund Administrators handle the pension is 57 billion pesos, and also much of the investments of these entities have been playing safe and not toxic in the papers as it has gone abroad in the countries stated above.
All these reasons lead us to conclude that by now our pension not run more risks, but before the shocking proportions reached by the loss of pension systems in many countries of the world must demand much more control, more regulation and many further assurances from the Colombian state to make sure all the contributors to the monthly and may persist until death, to this point in the discussion include the possibility of returning to a full public pension.
