Until last February 8, if the Pension Normalization Office (ONP) detected false information as support for delivering a pension, it could suspend this delivery. However, a controversial ruling – which contravenes previous rulings of this same instance – opens the doors for anyone who justified a pension with apocryphal documentation to continue receiving it. The […]
Tag: afp
Congress presses for a new withdrawal of 100% of the CTS
The new year brought with it the lock for the free withdrawal of the Compensation for Time of Service (CTS), created in the pandemic for families to face the crisis, and which was extended until December 2023. Once the health catastrophe has passed, since Congress of the Republic is fighting to authorize a new provision. […]
Withdraw up to 25% of your AFP to buy a home: what are the requirements?
Your AFP opens the way to your own home! We tell you step by step to withdraw your funds without setbacks. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Wednesday, January 31? AFP Retirement 2024: who can access this extra money and what are […]
AFP Retirement 2024: who can access this extra money and what are the requirements?
The debate on the bills to authorize a seventh withdrawal from the Pension Fund Administrators (AFP) did not prosper in the Congress of the Republic due to the lack of consensus among parliamentarians from various groups and a new discussion would only restart during the legislature at the end of March. Despite this situation, AFP […]
ONP Recognition Bonus 2024: when would it be delivered and how much would the amount be?
He Recognition Bonus 2024 It is an economic amount, approved by Congress at the insistence of 2023, for members and former contributors of the Pension Normalization Office (ONP) that moved to a Pension Fund Administrator (AFP). This law was admitted with the objective of returning part of their contributions to the State pension system. Currently, […]
Congress heading to raise the retirement age to 75 years
In Peru, the legal retirement age is 65 years, and, if the employer and the worker agree, it can be extended to 70. Congress seeks to raise the threshold to 75 years. Last Thursday, January 18, the Permanent Commission—led by the president of Congress, Alejandro Soto—approved this opinion of the Labor Commission that has been […]
The minimum capital of the AFPs will be S/3 million 597,276 in 2024, announces the SBS
For 2023, the SBS had established a minimum capital of S/3 million 484,483. The update is carried out in accordance with the provisions of article 14 of the Single Ordered Text of the Law of the Private Pension Fund Administration System. Join the La República WhatsApp channel Price of the dollar in Peru: what is […]
IMF’s Georgieva: Almost 40% of global employment is exposed to AI
Artificial intelligence (AI) will affect 60% of jobs in advanced economies, IMF managing director Kristalina Georgieva told AFP shortly before leaving for the World Economic Forum in Davos, Switzerland. “Advanced economies and some emerging markets will see 60% of their jobs affected” he said in an interview in Washington, citing a new report from the […]
Bank interest rates will remain high during the summer
When the pandemic suddenly stopped economic activity, the Central Reserve Bank of Peru (BCRP) decided to bring the reference interest rate closer to 0% to make credit cheaper. Once the health catastrophe had passed, the excess liquidity due to the constant withdrawals of AFP, CTS and, in part, bonds, in an adverse global context, catapulted […]
How profitable was your AFP in 2023? Find out how much your pension grew
This year, the Pension Fund Administrators (AFP) They recorded profits for a total of S/454 million 753,000. From January to November, insurers increased their dividends by 3.03% compared to the same period of the previous year, when they reported net profits of S/441 million 388,000, as reported by the Superintendency of Banking, Insurance and AFP […]