The ONP offers retirees the option of obtaining a pension loan to supplement their pensions. Find out how you can access this benefit.
The Pension Normalization Office (ONP) has implemented a measure to support retirees who do not reach the years of contributions necessary for a full board. Through the pension loan, pensioners can complete the missing contributions, which allows them to access a higher pension. This loan is deducted directly from the retiree’s monthly pension, adjusted according to the number of missing years of contributions and the age of the applicant.
The main objective of this loan is to provide a solution effective for those retirees who discover that their monthly pension is not sufficient to cover their basic needs.
What is the loan offered by the ONP for retirees about?
The pension loan is an initiative of the ONP which allows retirees to complete the contributions necessary to obtain a full pension. This loan is deducted monthly from the retiree’s pension, facilitating access to a higher pension without the need to resort to banks or external financial institutions. For example, a retiree with nine years of contributions can request a pension loan to complete the remaining year and thus ensure a pension of 250 soles.
This mechanism is especially useful for those who are close to achieve the requirements of contributionsbut they are missing a small section. In this way, they will be able to receive a full pension without having to wait several more years to reach the necessary contributions.
Learn the requirements to access the ONP loan for retirees
To access the pension loan of the ONPretirees must comply with certain requirementsFirst, you must have submitted your retirement application so that the ONP can evaluate your case and determine if you qualify for the pension loan. Once your application has been approved, you will be provided with a detailed calculation of the missing contributions and the amount of the loan required.
Steps to access the loan for retirees offered by the ONP
The process to apply for the ONP pension loan It is simple and accessible to all retirees. The steps to follow are as follows:
- Submit your retirement application: The first step is to submit the retirement application through the channels established by the ONP, either in person or virtually at the following LINK.
- Case evaluation: The ONP will evaluate the application and determine whether the retiree qualifies for the pension loan. This evaluation includes an analysis of the years of contributions and the age of the applicant.
- Loan Calculation: Once the application is approved, the ONP will provide a detailed calculation of the loan amount needed to complete the missing contributions.
- Entering data into the virtual form: The retiree must enter their data in the ONP virtual service form to continue with the process.
- Communication with an ONP advisor: An ONP advisor will contact the retiree to provide additional information and assist in decision-making.
- Loan Disbursement: The loan amount will be deposited directly into the retiree’s account and will be deducted monthly from his or her pension.
Source: Larepublica
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