He International Monetary Fund (IMF) He is blunt in his perspective on the Peruvian pension system: it is not enough and it is a priority to promote its reform.
In a recent report, they detailed that pensions are important to level income and alleviate poverty in old age, but these “are relatively ineffective”, since they do not cover the majority of the population, having only 25% of the force. labor contributing towards your retirement.
Why doesn’t the pension model give for more? The IMF points out that high informality —close to 80%— means that old age is experienced in precarious conditions, added to the low margin of contributors, which translates into low salaries for when one is an older adult.
Another problem for the future is the authorization for global withdrawals from pension funds, which—emphasizes the IMF—should no longer occur once the coronavirus emergency is over. “This places many seniors at risk once their savings are depleted,” they added.
Increase in pensions in the ONP was stagnant
The Dina Boluarte regime guaranteed to raise the pensions for retirees of the National Pension System (SNP) who contribute to the ONP, which currently range between S/500 and S/893.
In a context of historical inflation —which closed in 2022 with its highest level in almost three decades—, from the National Center for Retirees and Pensioners (Cenajupe) they expect the minimum pension to equal the minimum remuneration, located at S/1,025.
However, the issue has been forgotten on the government’s agenda, even more so after the departure of Eduardo García from the Ministry of Labor and Employment Promotion (MTPE), who told La República that raising pensions would be a priority.
Source: Larepublica
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