The debate on pension reform, promoted by Congress and the Executive, has been widely resisted not because of the need to offer better pensions and include more contributors, but because of insisting on extraordinary withdrawals. ESAN professor Jorge Guillén hopes it will be approved this week, despite his flaws. —Congress has presented an opinion with […]
Tag: afp
Consumption pension: everyday purchases will serve for retirement
The Congressional Economic Commission prepared an opinion that includes more than fifty bills and the initiative of the Executive Branch in order to reform the Peruvian pension system. Within the document of more than 400 pages, the application of a consumption pension stands out: nourishing the retirement fund with daily purchases. How will it work? […]
Minimum pension will be S/600 and cooperatives will raise funds
The reform of the pension system is simmering, after the opinion, of more than 400 pages, which brings together 71 projects, was not addressed in the last session of the Congressional Economic Commission. César Revilla, head of the group in question, alleges that they will seek to “discuss it as soon as possible,” considering that […]
Julio Velarde proposes increasing workers’ contributions to the AFP: “10% is very little”
The debate on the reform of the Peruvian pension system in Congress will take place in the coming weeks. In this sense, the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, considered it necessary to increase the contribution rate of members of the Pension Fund Administrators (AFP), currently set at 10%. This […]
Julio Velarde on pensions in the AFP: “It is enough if we lived 140 years or worked more (years)”
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, pointed out that the ideal for reforming the pension system is to opt for a scheme with individual accounts – like that of the AFPs – and with mandatory contributions. “Individual accounts have the advantage that they do not defund the (public) budget, […]
MEF on pension counterproposal that would raise ONP pensions to S/600: “It is not on the agenda”
With images by Rosa Quincho / URPI-LR The Minister of Economy, José Arista, reported that his office “does not have on the agenda” to present an alternative project to the pension reform that would speed up the increase in ONP pensions, which this year were to go from S/500 to S/ 600. However, he promised […]
Thousands marched for the release of up to 4 UIT of pension funds
Members of the AFP marched through the streets of downtown Lima, in order to demand that up to S/20,600 be released from individual accounts in pension administrators. Join the La República WhatsApp channel Price of the dollar in Peru today: what is the exchange rate for this Thursday, March 7? Everything that is known about […]
AFP Retirement 2024: what are the 3 modalities to access your money and what requirements do you need to meet?
This month the debate on the seventh withdrawal of the Pension Fund Administrators (AFP) will restart in Congress. In total, there are 28 bills that must be analyzed and ruled by the Economy Commission chaired by parliamentarian César Revilla. However, knowing the positions of the legislators and the entities involved in the discussion, there still […]
How do I know if I am in ONP or AFP? Check HERE which pension system you belong to
When you begin your career, you face a crucial decision: select the pension system to which you will contribute month by month to ensure your future when you retire. You have two main options: the Private Pension System (SPP), managed by the Pension Fund Administrators (AFP), and the National Pension System, managed by the Pension […]
AFP Retirement 2024: what did the new Minister of Economy say about an eventual release of the pension fund?
The debate on the bills that seek to authorize AFP members to optionally withdraw from their pension fund has not yet begun in Congress, but various State authorities and spokespersons related to the issue have been speaking out. One of them was the president of the Economy Commission, César Revilla, who told the media that […]