Between the Executive and Legislature, the withdrawal of pension funds was authorized on six occasions.
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Currently, it is being discussed in the Congressional Economic Commission a new release of pension funds managed by the AFPs. However, this provision has already been authorized on 6 occasions – since the pandemic – by the Executive and Legislative Branch, the last being through Law 31478, which was promulgated on May 21, 2022.
Thus, the last law that authorized the extraordinary withdrawal of AFP funds allowed members of the Private Pension System (SPP) to request the refund of up to S/18,400 of your individual capitalization account until September 10, 2022.
How many requested their funds in the last AFP withdrawal?
According to the information provided by the Superintendence of Banking, Insurance and AFP (S.B.S.), with Law 31478, S/21,994 million were withdrawn from pension funds. Those who withdrew the most money from their AFP were members between 36 and 55 years of age, which together represents 68% of what was withdrawn.
In detail, there were 3 million 133,149 members who asked to withdraw up to S/18,400 from AFP funds, of which 1 million 958,035 were men and 1 million 175,114 women. Besides, The largest group that withdrew their pension savings were those between 21 and 55 years of age.
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.
