The debate on a new withdrawal from the Pension Fund Administrators (AFP) by the members of the Private Pension System (SPP) began this Wednesday, October 4 at the Economy Commission of the Congress of the Republic. In that sense, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, participated in the session and was against this measure.
According to the official, allowing a withdrawal of up to S/19,800 (4 UIT) from the AFPs would mainly impact the individual capitalization accounts (cic) of members over 40 years of age. Furthermore, those with the highest income would be the ones who would withdraw the greatest amount of resources.
However, despite the MEF’s refusal, the head of the sector indicated that, in case the Congress of the republic choose to approve a seventh withdrawal from the AFPs, this measure should be well limited. Therefore, he called for work to be done to “limit this measure to the group of unemployed.”
“If Congress, in attribution of its independence, decided to approve (a new AFP withdrawal), it would have to be something much more limited.“said Contreras Miranda during his speech at the Economy Commission.
How much money would be withdrawn?
According to MEF calculations, an eventual release of pension funds would generate a potential total withdrawal of S/30,000 million, which is equivalent to 26% of the amount administered by the AFPs. Of this figure, S/21,000 million would be withdrawn by affiliates over 40 years of age.
In addition, It is estimated that almost 1.3 million members over 50 years of age would be at risk of being left without pensions.
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.
