AFP Retirement 2024: what would be the payment schedule after approval by Congress?

AFP Retirement 2024: what would be the payment schedule after approval by Congress?

Review the procedure to withdraw your AFP that the SBS would implement so you can access up to S/20,600 of your funds.

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He Congress of the Republic of Peru approved this April 11 the bill that allows the withdrawal of up to 4 tax units (UIT), equivalent to S/20,600 of pension funds. This is the seventh withdrawal since the start of the pandemic that would benefit around 7 million Peruvians. Now the project will go to the Executive for final evaluation.

The initiative has been questioned by the AFP and the National Confederation of Private Business Institutions (Confiep), who argue that this withdrawal could affect the reform of the pension system. However, he had the support of Peruvian citizens who were seeking access to their money in this context of economic crisis.

AFP Withdrawal: who will be able to withdraw up to S/20,600 of their funds?

The legislative proposal would allow the extraordinary and optional withdrawal of part of the accumulated funds for all members of the Private Pension System (SPP), without exception. However, the process and schedule established by the Superintendency of Banking, Insurance and Private Pension Fund Administrators must be followed.

What would be the AFP 2024 withdrawal schedule?

The withdrawal of funds would be carried out in four parts, each of up to one UIT (S/5,150), we detail the timeline that the process would follow.

  • First part: up to a UIT (S/5,150) that would be delivered 30 days after the request is sent and approved.
  • Second part: up to a UIT (S/5,150) 30 days after the first delivery of money is made.
  • Third part: up to one UIT (S/5,150) 30 days after the second delivery.
  • Fourth part: up to one UIT (S/5,150) 30 days after the third delivery.

How do I know how much I have accumulated in my AFP?

Whether you are affiliated with AFP Integra, Prima, Habitat and Profuturo, each one has a record of your total contributions. If you want to know this information, we will explain how you can verify it.

  • AFP Integra: If you make your contributions to this administrator, you can click on the following link: www.afpintegra.pe/iniciar-sesion to check your contributions.
  • AFP Premium: Go to this link https://www.prima.com.pe/wcm/portal/PrimaAFP/inicio and in ‘My account’ enter your ID number and password.
  • AFP Habitat: If you want to check your account statement in this AFP you must click here: www.afphabitat.com.pe/mi-cuenta.
  • Profutur AFP: If you are affiliated with this AFP you can enter https://enlinea.profuturo.com.pe/zonaprivada/login to verify your account status.

How to access the AFP withdrawal this 2024?

What the official documents indicate is that members who wish to withdraw their AFP must submit their request within 90 days after the rule is published. The Superintendency of Banking, Insurance and Private Pension Fund Administrators is the entity in charge of publishing what the procedure will be like. and the schedule.

How many AFP withdrawals have been approved so far?

To date, six withdrawals of funds from the Pension Fund Administrators (AFP) in Peru have been approved since the start of the pandemic in April 2020. These measures were taken to mitigate the negative economic effects caused by the health crisis.

Author's photo

Bachelor’s degree in journalism from the Pontifical Catholic University of Peru. He is an editor with interest in gender, disability and economics issues.

Source: Larepublica

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