Retirees from the Pension Normalization Office (ONP) will receive an increase in their pension in 2024, according to what the Minister of Economy and Finance, Álex Contreras, said last August. The Government made this measure official to alleviate the impact of the economic crisis and the increase in the basic basket.
According to the Ministry of Economy and Finance (MEF) The increase will benefit more than 600,000 pensioners, this is part of the proposal to reform the pension system that the Executive Branch has presented. In this note we detail everything that is known about this measure and who can access this benefit.
Who will benefit from the INCREASE in pensions?
The increase favors covered pensioners under Law 19990but those who are part of the Fishing Regime and those who belonged to the Fisherman’s Fund will also receive the increase, since they will obtain a minimum pension of S/360.
“For the first time in history we are establishing a minimum pension for fishermen, because currently there were fishermen who received 15 or 20 soles a month,” said the head of Economy.
Supreme Decree No. 187-2023-EF proposes the implementation of this service that benefits more than 2,500 older adults whose pension was an average of 150 soles.
How much will the ONP pension increase be?
The pension increase for workers under Legislative Decree 19990 will be S/100. The proposal, which has already been sent to Congress, proposes “raising the minimum pension from S/500 to S/600 and that it can be executed at the beginning of 2024,” said Alex Contreras, Minister of Economy and Finance.
What role does the ONP fulfill?
The Pension Normalization Office (ONP) “recognizes, qualifies, settles and pays pension rights in strict compliance with the legal framework. In addition, it informs and guides the insured about the procedures and requirements needed to access a pension and other benefits. pensioners”, as can be read on its official website.
Source: Larepublica
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