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Companies that owe pension contributions will be able to access the AFP-Private Repro until December 31

Companies that owe pension contributions will be able to access the AFP-Private Repro until December 31

The Superintendency of Banking, Insurance and AFP (SBS) approved this Monday, September 18, the operating procedure of the Regime for Reprogramming Pension Contributions of the Private Pension System (SPP) for private sector entities, called Repro AFP-Private. In this way, companies that owe pension contributions will be able to benefit from said regime and regularize their accrued debts until December 31, 2022, for the benefit of AFP members.

In this sense, employers have until December 31 of this year to benefit from the Repro AFP-Private, which is carried out through agreements signed with each AFP. Once this regime is accessed, the debt will be updated by profitability, replacing default interest, which promotes the recovery of contributions not paid in a timely manner by the companies and their corresponding crediting in the accounts of the affiliates.

It is worth mentioning that the companies They may make advance payment of installments, deducting unearned interest until one month after their cancellation. The rule also specifies the order of priority based on the pension status of each worker, giving priority to contributions that enable pension insurance coverage and the receipt of pension benefits. Thus, joining this regime allows the reactivation of insurance coverage for those postponed cases.

The AFP must provide information and advice related to this regime, as it is empowered to inform employers about the use of the employment portal. AFPnetwhich includes providing information on pension debt, the debt determination process and acceptance of this regime, among other aspects.

How many companies did not deposit the AFP of their workers?

According to the information provided by the Association of Private Pension Fund Administrators (AAFP), As of February 2023, there are 151,017 employers who have not deposited their workers’ contributions to their savings fund. pensions, of which, 92,510 are employers with active RUC status. Thus, the existing pension debt amounts to S/18,433 million, affecting 1 million 202,028 affiliates.

Source: Larepublica

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