Colombia compensation fund affiliations grow 1.1%, slowdown persists

Colombia's compensation funds (cajas de compensación) saw affiliation growth of 1.1% this year, down from a historical average of 6.2%, according to Asocajas president Adriana Guillén. The deceleration reflects broader labor market weakness and reduced formal employment creation. This matters as compensation funds fund social programs and family subsidies, linking labor market health to social welfare financing.