The Government, through the Ministry of National Education in its role as trustor, announced in an extraordinary session of the Board of Directors of the National Fund for Social Benefits of Teachers (Fomag) the decision not to extend the Commercial Trust Agreement No. 083 of 1990 signed with Fiduprevisora SA
The measure, reported this October 30, 2026 in Bogotá, 85 days from beginning of the administration of President Abelardo De La Espriella, responds to the expiration of the contractual term scheduled for October 31, 2026.
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According to the Executive, the fundamental objective of this determination is to begin a one-year transition stage—extendable for a similar period—to correct operational failures and guarantee continuity in the provision of services. health and recognition of economic benefits to educators and their families.
Legal and technical foundations of the decision
Fomag offices in Antioquia. Photo:ADIDA
The non-renewal of the contract, signed 36 years ago, is based on technical, legal, financial and operational recommendations.
These evaluations had the participation of the ministries of Labor and Treasury and Public Credit, as well as with inputs from the Colombian Federation of Education Workers (Fecode), findings from control organizations and observations collected directly from teachers.
The Minister of National Education, Ilva Myriam Hoyos Castañeda, He pointed out that the Fomag mechanism constitutes the channel through which the State must respond for the rights of educators, arguing the need to assume responsibility for correcting documented shortcomings.
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For her part, the Minister of Labor, Natalia López Fuentes, He stressed that administrative failures should not fall on the members.
In addition, The Minister of Finance, Miguel Gómez Martínez, emphasized the importance of ensuring transparency, traceability and control in the administration of resources destined for the health of teachers.
#Communication Government of President Abelardo De La Espriella decides not to extend the FOMAG trust contract and launches a transition to protect the right to health of teachers and their families. https://t.co/MOO0S6Y04Z
— Colombian Presidency 🇨🇴 (@infopresidencia) October 31, 2026
Scheme and guarantees during the transitional period
Ilva Myriam Hoyos, Minister of Education Photo:Mineeducation
The transition process will formally begin on November 1, 2026.
As stipulated by the National Government, During this period, the corresponding measures will be implemented to safeguard ongoing medical treatments, the continuous supply of medications and the timely processing of economic benefits under the current regulatory terms.
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To ensure the functioning of the system, the Ministry of Education required Fiduprevisora SA to provide a detailed plan of operational activities.
Additionally, The National Superintendency of Health (Supersalud) was requested to carry out special monitoring and surveillance of the Health Providing Institutions (IPS) to certify continuity and suitability in user care.
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