Congress published a new law today, which updates, after 20 years, the device that seeks to recognize the contributions of affiliates who moved to the AFPs since 2002.
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This Thursday, April 27, Law No. 31729 was published, which updates the Recognition Bonusa measure that was approved at the insistence of the Congress of the Republic a few weeks ago and was awaiting its promulgation.
According to the norm, the Ministry of Economy and Finance has a deadline no more than 12 months to issue and establish requirements for the transfer of this economic contribution. In addition, the Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) will establish the procedures and guidance so that users know and make their collection effective.
Likewise, as a final complementary provision it is indicated that the Pension Standardization Office (ONP) will issue ex officio and “on a semi-annual basis, the list of contributors who are entitled to the Recognition Bonus and communicate it to the AFPs so that the corresponding procedures can be carried out It should be noted that the bonus will be transferred to users at the time of their retirement.
The letter also indicates that article 12 of Decree Law 25897, which creates the Private Pension Fund Administration System, is modified. Thus, the bonds will be deposited ex officio in the individual capitalization account (CIC). In addition, they can be done as a form of endorsement and through the AFP in which the worker is affiliated.
Source: Larepublica
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