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Police and military may request a refund of contributions to Fovipol: Who will be the beneficiaries?

Police and military may request a refund of contributions to Fovipol: Who will be the beneficiaries?

The Plenary of Congress approved on April 12 the substitute text of the legislative proposal that modifies various articles of Law 24686, which creates in each institute of the Armed Forces and Police Forces the Military and Police Housing Fund (Fovipol).

The approved opinion is based on bills 052/2021, 1080/2021, 1151/2021, 1707/2021, 1779/2021, 2485/2021 and 3685/2022. It obtained 108 votes in favor, zero votes against and one abstention. He was exonerated from the second ballot.

Return of contributions

Among the changes introduced by the now autograph is the amendment to article 22 of the aforementioned law. Previously, the rule only indicated that military and police personnel, You will be excluded from the contribution to Fovipol, once you have paid the amount of the respective home or loan.

Now it is added that the pensionable contributorsthey have gone into retirement without having been benefited by the fund, you can request the return of all your contributions, plus the interest generated. The maximum period for the return of this money will be three months after submitting the application.

How are contributions made to Fovipol?

The current regulation establishes that the mandatory contribution of the personnel of the Armed Forces and National Police, whether or not they have their own house or land, is 5% of their pensionable remuneration.

The amendment approved in Congress establishes that the contribution will be 2% of the consolidated pensionable remuneration.

Regarding the contribution of the State, its share is equivalent to 2% of the pensionable remunerations of police and military personnel, which will be included in the respective annual budgets. The new standard indicates that this contribution will be the same percentage but of the consolidated pensionable remuneration.

How are the funds made up?

Fovipol resources are made up of:

  • The mandatory contribution of Military and Police personnel in situations of Activity and Availability that do not have their own home or land.
  • The compulsory contribution of the State.
  • The product of the sale of the properties that are built or acquired with its resources
  • The interest you receive from your deposits
  • The securities that are issued in the manner and conditions that the laws on the matter establish
  • The internal or external credits that you obtain
  • The donations and transfers that are received free of charge from national or foreign natural or legal persons, prior acceptance and valuation.
  • The voluntary contribution of those who have land want to build a habitable helmet.

When will the amendments take effect?

The autograph indicates that the Executive Power, with the endorsement of the Ministry of Defense and the Ministry of the Interior, adapts to the provisions of this law, the regulation of the military and police housing funds, approved by Supreme Decree 091-DE-CCFFAA, within a maximum period of sixty calendar days from the effective date of this law.

It should be noted that the norm has not yet been promulgated, and that, in addition, it is in the hands of the Executive to observe it if it deems it necessary.

Source: Larepublica

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