Ley 651 de 2001 | Ley 651 de 2001 — Colombia law | Esheria

Ley 651 de 2001

This law authorizes the creation of a separate trust estate to pay the actuarial pension amount owed by Telecom and grants extraordinary powers to the National Government.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 651 de 2001
Version
Undated source snapshot
Language
es
Updated
Official source
View official record ↗
accounting accounting compliance actuarial pension funding actuarial valuation administration of autonomous patrimony board administration budgeting cash flow allocation commencement corporate governance corporate obligation debt amortization exceptions financial surplus government powers investment portfolio pension administration pension funding pension obligations pension payment pension/patrimony update public sector procurement regulatory compliance tax exemption +3 more

Statute overview

About this statute

This law authorizes the creation of a separate trust estate to pay the actuarial pension amount owed by Telecom and grants extraordinary powers to the National Government. Telecom is authorized to create a permanent public autonomous trust to manage pension commutation and pension payment obligations. A Board of Administration will manage the autonomous patrimony and must design the policies, plans, and programs for its term. Telecom may use its cash and investment securities to form the autonomous trust and adjust the budget as needed; the trust must make pension-related payments, and Confis must oversee compliance with the stated payment conditions. El artículo indica cuándo puede amortizarse el pagaré y a qué se destinan prioritariamente ciertos excedentes financieros; además, Confis debe vigilar su cumplimiento.

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