The Board of Directors of the Central Reserve Bank of Peru (BCRP) will decide today if they continue to cut the interest rate or if they keep it at 7.25%. Although, according to the consensus of specialized entities, they would subtract 25 basis points, placing it again at 7.0%: a ratio not seen since October […]
Tag: afp
MEF: Private pension system should have lower commissions
Yesterday, the head of the Ministry of Economy and Finance (MEF), Alex Contreras Miranda, appeared at the extraordinary session of the Economy Commission to support bill 6120, which proposes creating a new Peruvian pension system (see infographic). More competition During his presentation, Contreras said that “Greater competition is necessary in the private pension system that […]
MEF: currently to receive a pension of S/500 a person must earn S/2,500
Minister Alex Contreras maintains that the Executive’s pension reform will maintain the pay-as-you-go system so as not to leave citizens unprotected. Join the La República WhatsApp channel GO 🇻🇪 Price of the dollar today in Peru: what is the exchange rate for this Tuesday, October 31? Bonus of S/600 to public workers will be paid […]
61% of members are in favor of a new AFP withdrawal
The economic crisis affecting the country has prompted the consideration of a seventh withdrawal of the funds managed by the Pension Fund Administrators (AFP). More than a dozen initiatives are promoted by Congress that propose the possibility of releasing up to 4 UIT (S/19,800)of which, two of them are already on the agenda of the […]
ONP gave 16,586 loans so that members have a pension
The Pension Normalization Office (ONP) reported that from 2021 to September 2023, a total of 16,586 pension loans so that its members can access a pension at the time of their retirement. This benefit allows those who managed to contribute for at least nine years to request a pension loan for up to one year […]
Members of the ONP and AFP in extreme poverty would enter Pensión 65
The Executive’s pension reform proposal proposes that those affiliates in situations of poverty and extreme poverty who cannot access a pension will be incorporated into the social program. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Wednesday, October 25? Refund to 1.2 million […]
AFP recognize failure of the model by not guaranteeing minimum pension
The president of the Association of Private Pension Fund Administrators (AAFP), Giovanna Prialé, recognized that one of the “structural failures” What the model, established 30 years ago in Peru, currently has is the right to a minimum pension for members belonging to this scheme. “We have had structural failures; The first is the minimum pension. […]
How much money should you have in your AFP to receive a pension of S/2,000?
The retirement It is the right that workers have after spending a large part of their life working. To do this, you have to have correct planning from a young age. One of the doubts of its members is about how much amount they have to raise. This also happens in the Congress of the […]
The State would finance the minimum pensions of AFP members
One of the main pieces of the debate moved for the inexorable reform of the pension system. The bill of Executive power —created by the Ministry of Economy and Finance (MEF)— maintains some criteria of the current model such as contribution rates of up to 13% for a worker —and does not involve the employer, […]
Pension system reform: Executive prohibits the withdrawal of 95.5% for new affiliates
Within the pension system reform bill sent by the Executive power to Congress, the withdrawal of 95.5% of the funds, currently applied for early retirement for people between 50 and 55 years old, is put to an end. Nevertheless, The proposal prepared by the Ministry of Economy and Finance (MEF) eliminates the possibility of withdrawing […]