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Colombia May Allow Workers to Tap Private Retirement Fund Savings

RIO DE JANEIRO, BRAZIL - Colombia is the latest Latin American country considering a plan to let workers tap private pension savings, a move intended to soften the slump in consumer spending, but which risks worsening some of the world’s deepest stock market slumps. A bill sent to congress this week would allow some Colombians to tap as much as 10 percent of their retirement savings.

Chile passed a similar measure this month, and Peru passed one in . . .

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