The Executive’s pension reform proposal proposes that those affiliates in situations of poverty and extreme poverty who cannot access a pension will be incorporated into the social program.
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The Government, through its proposal pension system reformseeks to expand the scope of the National Solidarity Assistance Program Pensión 65, which grants a bimonthly subsidy of S/300 to adults over 65 years of age with limited resources who are not enrolled in any contributory pension system.
According to the bill sent by the Executive Branch to Congress of the republicit is proposed that members of the ONP and AFP over 65 years of age, who are in a situation of extreme poverty, as well as those who are over 75 years of age in a condition of non-extreme povertywho have not been able to access a pension in any pension system will be incorporated into the Pensión 65 program.
In detail, people affiliated with the AFP who meet the aforementioned requirements and cannot access a pension will transfer their pension savings to the Consolidated Fund of Pension Reserves (FCR) to finance the non-contributory pension.
According to calculations by the Ministry of Economy and Finance (MEF), in the first year, around 61,000 members of the ONP and AFP would join the Pensión 65 program, which would imply a fiscal cost of S/109 million for extending coverage. of the non-contributory pension.
Source: Larepublica
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