The proposal to reform the new Peruvian pension system presented by the Executive is based on four pillars that complement each other: contributory, voluntary, semi-contributory and non-contributory, the latter being directed towards low-income citizens who cannot save to achieve a pension. pension.
“In the non-contributory pillar are people who cannot save for a pension, who are in poverty and receive a subsidy equivalent to Pension 65“explained the head of the Ministry of Economy and Finance (MEF), Alex Contreras, during his presentation at the Congressional Economy Commission.
Thus, within this pillar the aim is 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 registered in any social security system. contributory pensions.
As part of this expansion, it 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 poverty, who have not achieved accessing a pension in one of these pension systems are incorporated into Pensión 65.
“The aim is to close the coverage gap for people over 65 years of age. Furthermore, they live in conditions of extreme poverty, prioritizing those affiliated with contributory systems,” the Executive argues.
According to MEF calculations, in the first year, around 61,000 ONP members and AFP They would be incorporated into the Pensión 65 program, which would imply a fiscal cost of S/109 million for extending the coverage of the non-contributory pension. While in the tenth year of its implementation the cost would amount to S/392 million.
In detail, older adults affiliated with an AFP who cannot access a pension and are in a situation of poverty or extreme poverty must transfer their pension savings to the Consolidated Fund of Pension Reserves (FCR) to finance the non-contributory pension.
Source: Larepublica
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