Petro Bill Seeks to Slash Role of Private Colombia Pension Funds
Colombia’s government is proposing to redirect the pension contributions of millions of workers away from private managers and into the public system, while setting up a fund intended to neutralize the impact this would have on the local bond market.
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### Instruction: Petro Bill Seeks to Slash Role of Private Colombia Pension Funds

### Response: Colombia’s government is proposing to redirect the pension contributions of millions of workers away from private managers and into the public system, while setting up a fund intended to neutralize the impact this would have on the local bond market.