After the insistence of various parliamentarians, the president of the Economy, Banking, Finance and Financial Intelligence Commission of Congress, César Revilla, reported that the 11 law proposals on the withdrawal of AFP funds They already have a date to be subject to analysis and debate in said working group. If you want to know how long legislators will support their legislative initiatives, what they consist of and what the opinions of specialized organizations are in this regard, continue reading this note.
AFP Retirement 2023: when will the debate on the release of funds begin?
During the last session of the Congressional Economy Commission, its president César Revilla announced that the parliamentarians who authored the bills to authorize a seventh withdrawal of funds from the AFP must support their initiatives in October, after the representation week has ended. from September 25 to 29.
“The congressional colleagues, after the week of representation, are going to begin to support their bills so that they begin to refute the arguments that the MEF and other entities in the opposition are giving. We are going to open the debate, under my presidency all the issues are going to be discussed,” said Revilla.
In this regard, two of the congressmen, who have presented bills to allow AFP members to request up to 4 UIT from their retirement funds, spoke out. The first of them was Guido Bellido, who welcomed the fact that this issue is put on the agenda, since it will alleviate the situation of financial lack of protection of families in the face of the rise in the price of basic basket products.
“A relief measure for families in this economic crisis due to the increase in the cost of living is the withdrawal of 4 UITs from the AFP. We salute Congressman Revilla for scheduling a debate date, hoping that it will be a real commitment to working people who demands your money,” he said.
Finally, parliamentarian José Luna wrote on his social networks that the withdrawal of funds from the AFP is “a necessary and urgent measure to face the economic crisis and strengthen the pockets of families.”
AFP Retirement 2023: Who is against the release of funds?
In his latest statements to the media, the Minister of Economy and Finance, Alex Contreras, stated that it would be “counterproductive” to approve a new disbursement of the AFP fund and that his portfolio will not rest until it puts a lock on these proposals that put at risk the fiscal management of the country and affect retirees.
“Leaving Peruvians unprotected at a time when productivity is low and when people need to rest, which is what happens when a person reaches retirement age, is not something that helps. We are going to continue fighting and “discussing to avoid the seventh withdrawal. We were able to do it in the first semester and the goal is to not continue to violate the system and to definitively put a lock on this exit.”held.
It is not the first time that the head of the MEF expresses his questions about authorizing a seventh AFP withdrawal. Let us remember that Contreras also described as a “populist and anti-technical measure” the bill by Congressman José Luna, which seeks to release up to S/19,800 of the funds in the Individual Capitalization Accounts (CIC).
Likewise, Giovanna Prialé of the Association of Pension Fund Administrators (AAFP), told La República that a new disbursement of the pension fund is “impossible” and that measures must be implemented to improve the living conditions of users. .
“I believe that talking about a seventh retirement is impossible. We have to be humble, the economy has to borrow from finance and behavioral economics, tools to seek comprehensive solutions. Our country needs to generate employment, economic reactivation, better living conditions and that involves an active fiscal policy and also more private investment,” he said.
AFP Retirement 2023: what are the bills pending debate?
Congresswoman Digna Calle was the one who presented several months ago the first bill so that AFP members can request the withdrawal of up to S/19,800 (4 UIT) from their retirement accounts. Since then, 10 more legislative initiatives have been presented, but none of them were debated in the Economy Commission.
Most of them seek the release of up to 5 UIT, 4 UIT, 3 UIT, 50% and 70% of their Individual Capitalization Accounts (CIC), while the rest intend to increase the withdrawal amount to buy a property or pay debts through mortgage guarantee. Below, learn about the legislative initiatives that have been presented so far:
- AFP withdrawal of up to 4 UIT (S/19,800) – Digna Calle (Vamos Perú)
- AFP withdrawal of up to 3 UIT (S/14,850) – Víctor Cutipa (Peru Bicentennial)
- AFP withdrawal of 50% of funds – Elías Ávalos (Vamos Perú)
- AFP withdrawal of 70% of funds – Américo Gonza (Perú Libre)
- AFP withdrawal of 50% of funds for home purchase – Patricia Juárez (Fuerza Popular)
- AFP withdrawal from 3 UIT (S/14,850) – Víctor Flores (Fuerza Popular)
- AFP Withdrawal from 5 UIT (S/24,750) – Jaime Quito
- AFP Retirement from 4 UIT (S/19,800) – Guido Bellido (Peru Bicentennial)
- AFP withdrawal of 25% to pay debts with mortgage guarantee – Melissa Córdova (Avanza País)
- AFP withdrawal of 100% for home purchase – Ilich López (Popular Action).
- AFP withdrawal from 4 UIT (S/19,800) – José Luna (Vamos Perú).
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.
