Attention affiliates! Faced with the economic crisis and the impact of prices, congressmen promote a seventh withdrawal of funds from the AFPs.
Due to the economic impact that the massive protests have generated throughout Peru, the Congress of the Republic seeks to make effective a new withdrawal of the AFP pension funds to mitigate the crisis and overcome the impact of prices. congressmen like Victor Cutipa of the Peru Bicentennial bench and dignified street of Podemos propose a seventh withdrawal of an optional amount of three and four Tributary Tax Units (ITU). How much are they worth?
The parliamentarian proposes that it be authorized for members of the Private Pension System (SPP) the withdrawal of up to S/19,800 (4 UIT)while for the left legislator, the withdrawal of funds managed by the AFPs It must be a maximum of S/14,850 (3 UIT).
What is needed to approve the new AFP withdrawal?
Both parliamentarians’ proposals must be evaluated by the commissions of the Congress of the Republic before going to the Plenary for their respective debate and subsequent vote.
How would the seventh retreat 2023 take place?
- Affiliates must submit their request remotely, virtually or in person, one time within 90 calendar days after the start of the rule’s validity.
- Up to 1 UIT will be paid every 30 calendar days, after submitting the request, as was done in the six previous withdrawals.
It should be noted that the withdrawal of funds will maintain the condition of intangible. That is cannot be subject to a discount, legal or contractual compensation, embargo, withholding, or in any way affectationbe it by court order and/or administrative, regardless of the account in which they have been deposited. It also does not apply to judicial withholdings or conventional derived from alimony debts up to a maximum of 30% of the amount withdrawn.
What is the value of a UIT by 2023?
From January 1, 2023, the value of a UIT amounted to S/4,950, that is, S/350 more than last year, when its value stood at S/4,600. This update of the amount will be valid until December 31, 2023.
Investor reaction to a new withdrawal
According to the head of the Ministry of Economy and Finance (MEF), Alex Contreras, there is concern on the part of investments about the possibility of additional withdrawals from the AFPs. “When an investor wants to sell a bond, the natural buyer is the pension funds and additional withdrawals remove liquidity from the market,” he said.
Source: Larepublica
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