After almost a week of its approval in the Economy Commission, the ruling that allows AFP members to withdraw up to 4 UIT (S/ 20,600) from their individual accounts remains undated on the Congress agenda. This working group’s final proposal would allow money to be taken from its funds not only to the unemployed, but also to all taxpayers.
Despite the pressure exerted by members of various groups who proposed the bill, it was not scheduled for the April 3 session of Congress, when it was expected to have the necessary votes for its approval. However, the new minister pointed out that there would be consequences if a new withdrawal of the AFP is carried out.
AFP Retirement: what is Minister Arista’s position?
The Minister of Economy, José Arista, was invited to the extraordinary session of the Congressional Economic Commission to address the prediction proposed by the Law on Modernization of the Peruvian Pension Systemin which he did not rule out the idea of forming a commission and working with the Legislative Branch.
It is important to remember that, in the current pension system, workers contribute a percentage of their salary to an individual account managed by an AFP (Pension Fund Administrator).
In accordance with the current regulatory framework, AFPs can invest in stocks or bonds to generate the highest profitability, always safeguarding the retirement pension fund.
However, the head of the Economy portfolio also spoke about the decision to withdraw from AFP if it were approved in Congress.
“Obviously, all withdrawals before the retirement deadline weaken the systembut the system also has some aspects that must be improved, we have to pass laws that promote that,” the minister said in recent statements to the press.
Could the executive observe the withdrawal of the AFP if it is approved in Congress?
The head of the MEF has expressed dissatisfaction with the decision to withdraw AFP that was approved by the Economy Commission. Therefore, he has not made it clear whether he would intend to observe the bill if it is given the green light.
“It has just been approved in the Economy Commission. All the potential consequences that this decision could have will be evaluated with them. I could not anticipate now what actions could be taken because the decision is not in the hands of the Executive, but rather the Legislature.“, the official explained to the press at that time.
How do I know which AFP I belong to?
In order to identify which AFP If you are affiliated, you only have to access the services website of the Superintendence of Banking, Insurance and AFP and click on ‘affiliate report’. You can carry out the procedure in the following LINK.
Select a type of document to identify yourself (DNI, immigration card, passport or temporary residence permit card), the number and your password. Once the data is completed, press the ‘login’ button and you will have access to all the information about the company to which you belong. In addition, it will be possible to check, with the previous steps, the amount of money you have.
Remember that you must previously have an account with the SBS. If you don’t have one, click ‘register’. Enter the type of document, number and email. Then, select ‘next’ to complete your registration.
How do I know how much I have in my AFP?
- AFP Habitat: to review the account status in this AFP you must go to www.afphabitat.com.pe/mi-cuenta.
- AFP Premium: to review the account statement in this AFP you must go to https://www.prima.com.pe/wcm/portal/PrimaAFP/inicio.
- AFP Integra: to review the account status in this AFP you must go to www.afpintegra.pe/iniciar-sesion.
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.
