In the last week, two important provisions were made for the economy of Peruvians: on the one hand, on Thursday, May 2, the Plenary Session of the Congress of the Republic approved the 100% release of CTS and now the signature of the Executive is expected for its subsequent publication; On the other hand, last Friday, May 3, the SBS published the official schedule to submit the application for the withdrawal of up to 4 UITs from the AFPs. Along these lines, economic experts point out that these measures are valid in the short term, although they stressed that citizens must choose the best options for the purpose of their money.
For the economist Jorge Guillén, the current measures are populist, since they generate a certain illusion in economic agents because It will only benefit 15% of the population economically active. Likewise, he asserted that the purposes of savings are being distorted. “This measure is distorting the goals of savings, both CTS as AFP“The first is in case you become unemployed and the second is a pension for the future,” he said.
On the other hand, the economist Ana Reátegui specified that the measures applied by the State They are good in the short term, because the population will be able to appease their economic problems. “In the short term, people are going to withdraw their money, they will consume it, it is difficult in investment,” he said. Likewise, he maintained that in the long term there would be consequences, especially in the future of citizens, who would be exchanging future consumption for present consumption.
Measures that workers can take
In this sense, Jorge Guillén recommended that citizens withdraw their money, both from the AFP as the CTSto verify the benefits and costs: if it is an investment in a business, see if it will obtain a good return.
“To the population that will retire, they should find out both costs and benefits. If they are going to put it in a business, making 10% or 15% profitable could be worth itIf not, it is better to leave it there, because it is money that is destined to be fulfilled within a certain time,” he told La República.
Along these lines, Ana Reátegui stressed that if people have debts in dollars or credit cards, they should take advantage of the money withdrawn to correct these pending debts. “If you have debts in dollars, try to pay especially credit cards. Also, if you are going to make purchases, make them with items that will last. If they could do a business, not very risky, it would be great,” he emphasized for this newspaper.
Currently, different financial entities are promoting savings among the population, as they offer interesting rates, many of them between 7% and 7.5%; some increase to levels around 10%. Fixed deposit rates range from 4% to 5.5%.
AFP withdrawal schedule 2024
The Superintendency of Banking, Insurance and AFP (S.B.S.) published this last Friday the official schedule so that users can submit their request to withdraw from the Pension Fund Administrator (AFP).
Official schedule for AFP withdrawal request. Photo: La República/SBS
When can 100% of the CTS be withdrawn?
After the Plenary of Congress approved the bill for the total withdrawal of the CTS Until December 31, 2024, the initiative was referred to the Executive Branch, which has 15 days to issue a response and decide whether to make it official or observe it. If the proposal is not accepted, the Congress could approve it at the insistence.
Source: Larepublica
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