Affiliates may request the withdrawal of their funds in virtual or face -to -face, receiving up to a ITU every thirty days after the application before their administrator.
Congressman Jhaec Darwin Espinoza Vargas, a member of the Parliamentary Group Podemos Peru appears as the main author of a bill that proposes to allow the withdrawal of the funds contributed to the pension fund managers (AFP) for an amount of up to four (4) tax tax units (UIT), in order to promote the revitalization of the national economy.
The law is intended for affiliates to make use of their funds and they can be removed extraordinarily and voluntarily, to mitigate the effects of rising cost of living and low economy.
We can Peru: What else does the bill say?
The co-authors of the bill No. 10227/2024-CR for the withdrawal of up to S/21,400 They are José León Luna Gálvez, José Alberto Arriola Nueros, Luis Raúl Picón, I stayed, Heidy Lisbeth Juárez Calle and Jorge Luis Flores Ancachi.
The document, among its foundations, mentions the negative impacts of monetary poverty, which affected 29% of the population in 2023, as well as the increase in consumer prices in Metropolitan Lima, which rose 1.97% in 2024, According to the National Institute of Statistics and Informatics (INEI) in its technical report Variation of the economy prices indicators.
AFP retirement: What is the procedure?
The extraordinary and voluntary retirement procedure of pension funds are the following:
- Presentation of voluntary withdrawal application in virtual or face -to -face and, for the only time, within thirty (30) calendar days after the validity of the procedure that defines in the regulation the Superintendence of Banking and Insurance and AFP.
- Applicant affiliates will receive an amount of up to an ITU every thirty calendar days, making the first deposit at the thirty days in which he submitted his application before the administration of pension funds to which he belongs.
- In the event that the affiliate desist from withdrawing the funds from his individual capitalization account (CIC), he may apply for the private administrator of pension funds ten days before the next disbursement.
Source: Larepublica
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