A bill was proposed in the Congress to approve a new retirement of funds from pension fund managers (AFP). The objective of this measure seeks that affiliates of the private pension system that still have savings obtain greater liquidity in 2025.
It should be remembered that, in 2024, two extraordinary retreats of funds from funds from pensions. These provisions allowed affiliates to withdraw up to 4 Tax Tax Units (UIT) in one of the modalities and up to 2 UIT in the other. Next, we tell you more details about the legislative proposal.
What does the bill that seeks a new withdrawal of funds from AFPs?
The congressman of Peru Libre, Américo Gonzaproposed the bill No. 10153/2024-CR, which seeks to enable affiliates of pension fund managers to withdraw up to 4 UIT, which represents an approximate amount of S/21,400. The proposal seeks to address the negative impacts experienced by the Peruvian population in recent years: economic contractionsustained inflation and increased cost of living that affect millions of people.
If the proposal is approved, the Affiliates They will have the possibility to request from their AFP the withdrawal of funds, so they would receive monthly disbursements of up to an ITU, equivalent to S/5,350, every 30 days. This process will be extended until reaching the total amount of four UIT. Likewise, according to the project, it is established that these funds will be protected from any type of discounts, embargoes or withholdings.
What were the latest withdrawals of the AFP funds?
In 2024, despite the resistance of the Executive and various experts, two extraordinary retreats of pension funds were approved. These retreats allowed the Affiliates access an amount of up to 4 UIT in one case and up to 2 UIT in the other. This measure was implemented in the midst of an economic deceleration and in the face of the effect of inflation in the population.
In turn, these actions impacted relatively to millions of affiliates, due to access to greater liquidity to deal with different expenses. However, they also raised concerns regarding the long -term viability of the pension system and generated concern about the source of income involved when they reach the stage of retirement.
AFP affiliates have this benefit in 2025
The AFP Association (AAFP) announced that, since January 1, 2025, workers affiliated with pension fund managers (AFP) will enjoy a reduction in the amount that is discounted monthly for the collective insurance of disability, survival and funeral expenses (Sisco).
The rate It was reduced from 1.70%to 1.37%, which represents a 19%decrease. This change was implemented during the eighth tender of the Sisco (Sisco VIII) and will remain in effect until December 2026. This decision will directly benefit the affiliates of the private pension system, which allows workers to retain a greater proportion of their net salary , while they continue under the protection of pension insurance.
Source: Larepublica
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