When asked about the law approved by Congress on the withdrawal of funds from AFP, Minister José Arista announced that the Executive decided not to observe it. As recalled, on April 12, the Legislature decided to approve the seventh withdrawal of the AFPs up to 4 UIT; That is, you can request up to 20,600 soles from the private pension system.
“With respect to the law approved by Congress (…) for the withdrawal of the AFPthe Executive, in Minister council, has analyzed the issue today and has decided not to observe this law. At the same time, I take advantage of this forum to invoke Congress that this norm referring to the withdrawal of the CTS be it respecting a minimum, which I estimate should be four months of unemployment (…). “I would ask Congress to authorize it with a minimum floor of four months,” said the owner. Jose AristaEconomy Minister.
After the debate ended, the president of the Congress, Alejandro Soto, announced that the autograph approved with 97 votes in favor, five against and five abstentions, was sent to the Executive Branch. According to article 79 of the Congress regulations, the Government had 15 business days to present any observations.
AFP: When will payments start?
With this, all that remains is its promulgation and its subsequent publication in the official newspaper El Peruano so that it comes into force the next day. Once this occurs, the Superintendency of Banking, Insurance and AFP You must work on a regulation for withdrawals. If the deadlines are met, people who have a pension fund in the private pension system will be able to withdraw their money in the fortnight of May.
In previous processes, the AFP They set a payment schedule so that applicants know the estimated dates of their first deposit. 30 days after publication, the first payment was scheduled. In contrast to the previous process, the first disbursement would be ready in the second week of June. It should be noted that the withdrawal of funds will be made in four parts, each from a maximum of one UIT (tax unit). In other words, the applicant will receive 5,150 soles per deposit.
Is the withdrawal of the AFPs mandatory?
As recalled, the withdrawal of funds from the private pension system is a voluntary process. For people who wish to use the money saved in their pension funds, they must complete a physical or virtual form in the first 90 days after the law is enacted. Just as was done in previous processes, once the AFP If you have the applicants’ data, the banks will have the power to open accounts for those who made their withdrawal effective. In the case of existing accounts, it can be shared with the AFP the CCI (interbank account code) to deposit the withdrawals.
Source: Larepublica
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