The Plenary of the Congress of the Republic approved by majority the withdrawal of up to 4 UIT from the funds of the Private Pension System, a measure that around 8.2 million affiliates will be able to access.
The initiative received the green light with 107 votes in favor, eight against and two abstentions, so that members of the Pension Fund Administrators (AFP) have up to S / 18,400 to face the onslaught of Covid-19 and the current inflationary crisis.
According to the approved autograph, the disbursement to the affiliates will be made in three. First, they will be paid up to 1 UIT (S/ 4,600) within a maximum period of 30 calendar days after submitting the request to the AFP. The second deposit will be up to 1 UIT (S/ 4,600) within a maximum period of 30 calendar days. And finally, the third payment for the remaining amount requested will be up to 2 UIT (S/ 9,200) within a maximum period of 30 calendar days.
All affiliates without exception, whether they are active contributors or ex-contributors, will be empowered to request the withdrawal of their pension funds.
It should be noted that this autograph will now pass to the Executive, which must promulgate or observe it in a maximum of 15 days.
If the Executive promulgates it, the Superintendence of Banking, Insurance and AFPs (SBS) will determine the operating procedure within a maximum period of 15 calendar days after the law is published.
Otherwise, if the Executive observes it, Congress could approve it by insistence, for which an opinion is debated in commissions and in plenary.
Aníbal Torres on new withdrawal from AFP: “That people dispose of their money as they see fit”
The Prime Minister, Aníbal Torres, announced that, from the Executive, they are still not sure if they are going to approve or not a measure on the new withdrawal of AFP from 4 UIT. “I am not telling you if it is going to be observed or not because we have to read the law,” he said at a press conference.
Along these lines, the official asked that people be allowed to “dispose of their money as they see fit” because that is the liberal economy and that for a long time the AFPs have deceived members with good pensions.
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