If I only have 7 years of contribution to the ONP, can I still receive a pension?

Until before the 2021to access a pension of retirementthe members of the Pension Standardization Office (ONP) they had to meet two fundamental requirements: be 65 years old and have at least 20 years of contributions to the National Pension System (SNP). However, after the publication of the proportional pension lawthousands of affiliates They found various facilities to retire. Is it possible to access a pension from the ONP If I only have 7 years of contribution? We tell you here.

In interview with The RepublicCarmen Sánchez, executive of Attention to the Insured of the ONPindicated that, in recent years, one of the most important benefits has been the proportional retirement pension scheme that is granted to all the insured of the National Pension System that meet certain conditions, unlike the general regime in which a minimum of 20 years of contributions is required.

“SNP affiliates who are 65 years old and have contributed between 10 and less than 20 years of contributions may have access to a proportional retirement pension,” he said.

At the end of 2022, according to what Sánchez told this newspaper, proportional pensions have been granted to 24,722 affiliates. “Monthly, we are generating 2,500 proportional pensions to all the beneficiaries of the National Pension System. This type of benefit has been successful for the population because we are considering that not many Peruvians have access to a pension. We know that we are low in pension coverage and we are aware of the high rate of informality in Peru”held.

How much does the ONP pay for the proportional pension?

In the proportional pension scheme, the amount of the monthly benefit varies according to the time of contributions:

• Between 10 years and less than 15 years of contribution: S/250 per month is granted in a period of 12 times a year.
• Between 15 years and less than 20 years of contribution: S/350 per month is granted in a period of 12 times a year

However, there are people who do not even reach 10 years of contribution. For them, the ONP offers them two ways so that they can complete the required time: pension loans and sworn statement.

through the sworn declaration, the affiliate can accredit contributions for up to three years. With this you can add a few years of contribution, as long as have had a probative employment relationship.

“If, for example, an affiliate has eight years of contributionsomething that does not happen regularly, and there is no way to prove additional periods, you can file a sworn declaration that reaches two years of added contribution. Added to this, he would reach a 10-year pension, ”said Sánchez.

This is a mechanism that is used for ONP affiliates to achieve the right to certain pensions, as long as they have had an employment relationship in which they are linked to a company or workplace and have contributed.

If an affiliate does not reach the right to 10 years of pension, they can request a pension loan / Photo: Andina

Another benefit: what is it and how do I access the pension loan?

The other alternative offered by the ONP for affiliates to complete the minimum contribution time is the pension loan in order to achieve a pension.

• Those who request a special proportional retirement pension with 10 years of contributions can access the pension loan of up to one year of contribution (12 contribution units).
• Those who request a special proportional retirement pension with 15 years of contributions will be able to access the pension loan of up to two years of contributions (24 contribution units).
• Those who request a retirement pension through the general pension scheme with 20 years of contributions will be able to access the pension loan of up to three years of contributions (36 contribution units).

In this way, those who have between 10 and 15 years of contribution can access a pension loan to achieve the right to a pension within the proportional regime. In this range, the standard establishes that You can be given a pension loan of one year of contribution (12 months). When they are within the range of between 15 and less than 20 years, they can receive a two-year contribution loan; that is, 24 months to achieve the right to retirement.

By way of example, if a person has nine years of contributions and does not reach the right to 10 years of pension, they can request this pension loan benefit for one year (12 contributions). “Yes, the loan can be granted. You can pay the 12 months in a single installment or this pension loan can be deducted from your pension that is given automatically from now on,” said the ONP official.

Then, as soon as the affiliate’s right to a pension is recognized, a proportional discount of a certain percentage is made at a rate of 20% of the monthly pension.

One of the greatest benefits, indicated Carmen Sánchez, is that apart from accessing a pension, the retiree has the right to health, through EsSalud. “Since a person becomes a pensioner, they have health insurance and receive care,” he mentioned.

ONP: With how many minimum years of contributions can I access a pension?

The established ranges are 20 years of contributions to access a minimum pension of S/500; between 15 to 19 years old to access S/350; and between 10 to less than 15 years to receive S/250.

However, adding the benefits of the pension loan and accreditation of contributions with an affidavit, The ONP official explained that you can access a pension with seven years of contribution. As? Accessing a one-year pension loan and, in addition, accrediting, through an affidavit, two additional years, as long as they have worked in a company. “There the benefits of the national pension system are combined,” said the specialist.

ONP: how do I know if I have access to the benefits to reach a pension?

To find out what benefits each member has access to and the procedure to request it, the ONP established the pension advisory service which is currently deployed in 23 face-to-face and virtual care centers. “An adviser explains to each insured what they are entitled to, what is best for them. Each case is different. We give you the best options and channel your right to the granting of any of this type of retirement pensions, whether proportional or complete” , points out.

You can also contact the phones 634 2222 where he will provide more complete advice.