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AFP Retirement 2023: they present the sixth bill to release funds from the AFPs

AFP Retirement 2023: they present the sixth bill to release funds from the AFPs

the bench of people forcethrough congressman Victor Seferino Flores Ruiz presented yesterday, Thursday March 23, the sixth bill to authorize dExceptionally and voluntarily, members of the Private Pension Fund Administration System (AFP) withdraw the funds accumulated in their individual capitalization accounts. This time for S/14,850.

In its preamble, the proposal states that it seeks to counteract the possible increase in unemployment as a result of recent social conflicts, as well as the increase in poverty and extreme poverty, as well as the effects of inflation.

In addition, it underlines that the AFPs currently have some 750,000 judicial processes and a debt that exceeds S/22,000 million, which added to labor informality -70% on average-, prevents the majority of Peruvians from having present and future protection in social security matter.

Scope of the bills

The initiative, which is added to other proposals previously presented, includes all members of the Private Pension Fund Administration System, except those who qualify to access the Special Regime for Early Retirement due to Unemployment (REJA).

In this sense, it specifies that the value of the UIT to be taken into account for the optional withdrawal is the one that is in force on the date of submission of the request by the affiliate to the AFP.

  So far in 2023, various congressmen had presented a total of five bills that propose a seventh AFP withdrawal.  Photo: Composition LR

So far in 2023, various congressmen had presented a total of five bills that propose a seventh AFP withdrawal. Photo: Composition LR

In addition, it indicates that the affiliate can present his request virtually or in person and, only once, within ninety calendar days after the publication of the operating procedure that for the purposes of this law is approved by the Superintendency of Banking, Insurance (SBS). and AFP.

While in the event that the affiliate desists from withdrawing the funds from his individual capitalization account, he may request it from AFP only once, ten days before the respective disbursement.

Deadlines for withdrawal

The AFPs arrange for the delivery of funds as follows:

  • The first disbursement of up to 1 UIT: Within a maximum period of 30 calendar days, counted from the date the request was submitted to the AFP.
  • Second disbursement of up to 1 UIT: Within a maximum period of 30 calendar days, computed from the first disbursement made by the AFP
  • Third disbursement for the remainder of the amount requested up to 2 UIT: Within a maximum period of 30 calendar days, counted from the second disbursement made by the AFP.

Finally, it indicates that the SBS will be the entity in charge of determining the operating procedure for compliance with this law within a period not exceeding ten days from its publication.

  The new proposal presented by Fuerza Popular includes all members of the SPP.  Photo: diffusion

The new proposal presented by Fuerza Popular includes all members of the SPP. Photo: diffusion

Source: Larepublica

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