The Economic Commission of the Congress of the Republic approved a universal withdrawal of up to 4 UIT (S/20,600) for all AFP members, and not limited to those who were unemployed for 6 consecutive months before November 2023, as had been previously stated. originally proposed.
After not having found consensus regarding the opinion that, in the morning, sought to jointly approve the comprehensive reform of the system and the withdrawal of 4 UITs from the AFP, the members of the Economy Commission chose to present a text substitute in which only the second of these issues was taken into account. The agreement was multiparty.
Affiliates will submit their requests physically or virtually within 90 calendar days after its publication and validity of the regulations of this law.
He first pass It will be 1 UIT (S/5,150) every 30 calendar days. The first disbursement will be made 30 calendar days after the application is submitted to the private pension fund administrator where the member belongs.
He second payment It will also be 1 UIT, and will be made 30 days after the first withdrawal. Finally, the third pass It will be up to 2 UIT (S/10,300), also counted from the previous withdrawal. It should be noted that, in the latter case, it is “up to”, that is, it does not have to cover the exact amount.
What will happen to the first and second payment, if the affiliate’s funds do not cover 1 or 2 UIT in its entirety? The regulation will have to specify it because, for the moment, the wording prepared by the Economy Commission implies that the exact amounts must be withdrawn.
Furthermore, in the event that members do not withdraw funds from their Individual Capitalization Account (CIC), they may request it, one time only, from the private pension fund administrator, 10 days before the respective disbursement.
Withdrawal of 4 UITs from the AFP: from when can they be withdrawn?
After the approval of the Economy Commission for the universal withdrawal of up to 4 UIT for all AFP members, the multiparty opinion that leaves the comprehensive reform of the system in the air must be debated by the Plenary.
The next Plenary Session in Congress will be held on Wednesday, March 27. However, today, Monday, an interpellation session is scheduled against the Ministers of Transportation and Communications, Raúl Pérez-Reyes, and of Energy and Mines, Rómulo Mucho.
If agreed in record time by all the spokespersons of the different groups, the withdrawal of 4 UITs from the AFP could be debated by the Plenary this afternoon.
How long will it take to regulate the withdrawal of 4 UITs from the AFPs?
- The withdrawal of funds maintains the status of intangible, and cannot be subject to discount, legal or contractual compensation, embargo, retention or any form of affectation, whether by judicial or administrative order.
- However, intangibility does not apply to judicial or conventional withholdings derived from food debts, up to a maximum of 30% of the amount withdrawn.
- SBS must determine the operating procedure within a period that does not exceed 15 calendar days from the publication of the law, “under the responsibility of its owner.”
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.
