The ONP is the entity in charge of managing the National Pension System in Peru, guaranteeing a pension to those who have met the contribution requirements. Many people find themselves in the situation of having contributed for a limited period and are wondering how much they will receive when they retire.
In this note, the options available to those who have made limited contributions to the pension systemKey information will also be provided on how to proceed with the application and ensure that you meet all the requirements necessary to receive this benefit.
How much money will I receive if I only contributed to the ONP for 10 years?
The amount of the pension you will receive depends on several factors, including your contributions and current regulations. According to the ONP, if you have only contributed for 10 years, you will not be eligible for a full pension, but you may receive a proportional pension. This proportional pension is calculated based on the average of your monthly earnings and the years of contribution. In many cases, this pension may result in a smaller sum, but it guarantees a monthly income for life.
- If you have between 10 years and less than 15 years of contributions: you receive S/250 per month for a period of 12 times a year.
- If you have between 15 years and less than 20 years of contributions: you receive S/350 per month for a period of 12 times a year.
- Both pension amounts are subject to the 4% discount by EsSalud.
Requirements to receive a proportional pension from the ONP
To receive a proportional pension from the ONP, you must meet certain requirements established by law. The main requirements include:
- Retirement age: You must have reached the legal retirement age, which is 65 years for men and women.
- Years of contribution: You must have contributed at least 10 years to the National Pension System.
- Formal request: You must submit a formal application to the ONP, complying with all the required documents.
How to apply for the ONP proportional pension
The process to apply for the proportional pension from the ONP involves several steps. Below we detail the procedure:
- Gather the necessary documents: You must present your National Identity Document (DNI), proof of contributions, and any other document that proves your contributions to the system.
- Fill out the application: Download and fill out the proportional pension application form available on the ONP website.
- Submit your application: You can submit your application in person at the ONP offices or through its virtual platform, attaching all the required documents.
- Wait for the evaluation: Once your application has been submitted, the ONP will evaluate your case and determine the amount of the proportional pension to which you are entitled.
- Receive your pension: If your application is approved, you will begin receiving your proportional pension on a monthly basis.
Can I prove more working time to improve my ONP pension?
As explained by the executive of ONP insured care, Carmen Sánchez in a previous interview with this newspaper, it can be applied, for example, through a one-year pension loan and, furthermore, accrediting, through a sworn declaration, two additional years, provided that the employee has worked for a company. “This is where the benefits of the national pension system are combined,” said the specialist.
What is the ONP?
It is a decentralized public institution of the Ministry of Economy and Finance. It has its own funds and assets, functional, administrative, technical, economic and financial autonomy, and constitutes a budgetary document.
It is important to note that, in addition to the proportional pension, you may be entitled to other additional benefits such as medical care through EsSalud. You should also consider that the ONP carries out periodic reviews and adjustments to pensions, so it is crucial to stay informed about any changes in the regulations.
What benefits does the ONP offer?
- Medical coverage: Comprehensive care through EsSalud for members and beneficiaries.
- Economic security: Guaranteed monthly income for life.
- Family Protection: Pension for immediate family members in the event of the death of the member.
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.
