The Executive Power recently approved the regulation of Law No. 31670, which creates minimum pensions and promotes voluntary contributions in the Private Pension System (ie, the AFPs).
What does this law look for? That minimum pensions be delivered and the options extended so that AFP affiliates nourish their retirement funds.
Thus, it has two essential pillars: improving the pension culture through goals for a retirement with a minimum pension and promoting alternatives for voluntary contributions to the SPP. The amount will be set by the affiliate and must not be less than the Basic Consumer Basket (CBC) set by the INEI.
The contributor may request the payment of his minimum pension, and for this, The AFP will evaluate if you have the minimum retirement balance to access your money under the programmed withdrawal modality.
In this regard, Congresswoman Digna Calle warns that the regulation leaves pending that even the Superintendence of Banking and Insurance (SBS) “clarify” the moment in which the affiliate may dispose of his surplus.
Among the final complementary provisions is the return of the fourth and fifth category Income Tax payment that could be made for the Individual Capitalization Account, as provided by the SBS.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
