Congress begins career for a new AFP retirement: projects would advance in parallel with pension reform

The Economy Commission of Congress of the Republic began on Wednesday, March 5, the support of the projects of law that seek to release an eighth withdrawal from AFP pension funds for this 2025.

The parliamentary work group, led by Congressman Ilich López (Popular Action), submitted to discussion three legislative initiatives 10153/2024, 10227/2024 and 10355/2024, which state that the Affiliates They have their funds of up to 4 tax units (ITU) equivalent to S/21,400.

According to Darwin Espinoza, one of the authors of the project, releasing individual accounts again aims economy and unemployment. In addition, he indicated that he would serve to boost productive activity through consumption.

“To a person with intermittent work that sometimes contributes, what is the use of AFP background or a low pension? If I had the opportunity to retire today, you could invest in an entrepreneurship that gives you greater interests,” he said.

He added that the proposal is a temporary and optional measure, in which each affiliate decides their best choice. “The rule empowers the disposition of these 4 UIT that is intangible,” he said.

Eighth AFP retirement would walk separately

Recall that one of the prohibitions of pension reform approved last year by Congress is about new withdrawals from the AFP. In dialogue with The Republiceconomist Noelia Bernal explained that legislators could approve another law that authorizes retreats, modifying only that article. “In parallel things can occur: the pension reform and the withdrawal of the AFP,” he said. Recall that the reform is not yet regulated and its deadline expires in the middle of this year.

In his opinion, seen the experience of the previous approvals in charge of the parliamentarians, it is possible that an eighth AFP retirement may again be aluminted, especially when there is a MEF that has not used the constitutional mechanisms conferred by the law to reject the measure. “Last year, José Arista (former Minister of Economy) did not observe the AFP retirement law or raised it to the Constitutional Court,” he said.

AFP retirement: they ask not to invite MEF, SBS and AFPS

For his part, the Parliamentary Américo Gonza emphasized his argument in the profits recorded in the last year by the AFPs. As recorded by this newspaper, the Fund Administrators reported utilities of S/491 million in 2024, greater than the previous year, despite generating low profitability to the affiliates. Only in the commissions paid by the contributors, the administrators registered S/1,186 million.

“They said that the Financial systemwill stop investing in schools and hospitals, etc. We consider that this system should be reform. The AFP system has failed, “he said.

Then, he asked the working group not to invite debates to the Minister of Economyrepresentative of the Superintendence of Banking, Insurance and AFP (SBS) and the Fund Administrators, since they already know their answers and their opposition to these measures.

“I ask you to rule this project as soon as possible. At once we can schedule this project if possible for next week, and in two or three weeks in the plenary so that workers have their resources,” he emphasized.

However, at the beginning, the president of the Commission reported that next Friday, March 14, an extraordinary session will be held to receive the Minister of Economy and Finance, José Salardi.

From the shore of the MEF, the possible approval of a new AFP retirement would be harmful to future contributors. For the AFP association, continuous retreats imply the total destruction of retirement savings.

“We are going to technically explain every measure that is proposed that it could be for or against the development of the country. In that line of action, when there is the space to talk, the technical team of the technical team MEF He will explain in detail, “said the head of the MEF José Salardi.

In turn, the legislator Carlos Anderson indicated that he would have liked that his colleagues members of the Popular Force bench (FP) were present at the session “to defend their AFP reform since they were so enthusiastic when proposing it.”

In his position, the non -grouped congressman indicated that the system of the AFP It is outdated and exclusive. Therefore, his decision leans towards freedom that a citizen must have to decide where his savings should be allocated. “An 18 -year -old person has to be able to decide what to do with his money. It is not possible,” he said.

The role that corresponds to the State, was strengthening, is to generate positive incentives so that money accumulated in pension savings accounts are attractive. In addition, he recalled that last year there were two technical initiatives from the pension strengthening work group, which he integrated, “but they didn’t want to listen.”

“I at least when these bills would vote in favor,” said the parliamentarian.

The third author of one of the AFP retirement projects, Second Quiroz, argued that the high cost of living has led an increase in household indebtedness. “This proposal seeks to grant immediate financial relief to have their own resources without having subsidies of the State,” he said.

At the end, the president of the Economy Commission emphasized the failure of the AFP system and asked the benches to raise alternatives within the analysis that encourage formalization so that more people have access to pensions. Previously, he said that the minimum pension of Peruvians must be at least the minimum salary of S/1,130.

He assured that deep debates will continue to be carried out in the group in question and read the approval of the dispensation of the proceeding of the act of the session carried out.

The president of the Economy Commission, Ilich LópezHe said they will evaluate the time that the hard legislature (June fortnight) to determine if the eighth AFP retirement of up to 4 UIT is given.

Fact

With the approval of the seven previous AFP retreats, an amount greater than the S/115,000 million was released, according to the Banking, Insurance and AFP Superintendence (insurance and AFP (SBS).