In the latest bulletin of the Superintendence of Banking, Insurance and AFP (SBS) corresponding to June 2023, it is detailed that in the country there are 9 million 057,451 affiliates who have allocated a percentage of their salaries to Private Pension System (SPP)with the purpose of ensuring their retirement, disability or burial. “In Peru, there […]
Tag: afp
Is the withdrawal of AFP on the agenda of the new Economy Commission? This is what congressmen say
The Economy, Banking and Finance Commission of the Congress of the Republic was installed on Wednesday, August 16, and elected parliamentarian César Revilla as its new president for the 2023-2024 legislature. One of the pending issues that this working group must address is the withdrawal of funds from the AFPs, which could not be ruled […]
AFP Retirement 2023: how have the pension fund disbursement proposals turned out and what’s next?
With the commissions already established in Congress, many people are wondering about the future of the proposals of retirement AFP 2023 and the agreements of the members of the Economy Commission. Join the WhatsApp channel of La República The new one Economy Commission of the Congress of the republic has finally been kept under the […]
AFP Withdrawal: how to use 25% of my funds to buy a home?
Are you looking to buy your first home? Undoubtedly, the dream of having their own home is one of the priority objectives of families. However, there are economic aspects that could limit this acquisition. Faced with this type of situation, you can have up to 25% of your accumulated fund in your AFP to pay […]
How to know my contributions and how much I have accumulated in my AFP?
In our country, six extraordinary withdrawals from the Private Pension System (SPP) have been authorized, which meant an outflow of more than S/87,000 million between 2020 and 2022. In the case of this year, none of the legislative initiatives in Congress regarding the release of funds from the AFPs prospered and many people have doubts […]
More than 115,000 withdrew up to 25% of their AFP to buy a home: what are the requirements?
If you are looking to buy your first property and you are a member of the Private Pension System (SPP), you should know that you can have up to 25% of your accumulated fund in the Individual Capitalization Account (CIC) to pay the initial fee. According to the Superintendency of Banking and Insurance (SBS), until […]
The AFPs earned more than S/248 million in the first half of 2023
From January to June this year, the four Pension Fund Administrators (AFP) obtained a profit of S/248 million 367,000which represents a growth of 12.4% compared to the same period in 2022, when net profit was S/220 million 911,000, according to official data from the Superintendency of Banking, Insurance and AFP (SBS). According to the financial […]
AFP withdrawal: in which cases can I use my pension fund and what requirements do I need to meet?
The Pension Fund Administrators (AFP) are private institutions that have spent many years in our country regulating the amounts corresponding to citizens in terms of retirement, disability and survival, as well as burial expenses. In this sense, there are various mechanisms to access the money you have saved in your private pension fund, such as […]
SBS facilitates the judicial collection that the AFPs require from employers with unpaid contributions
More than S/33,000 million are owed by public entities and private companies to the Pension Fund Administrators (AFP). This corresponds to pension contributions not made despite having been deducted from workers’ salaries. Given this, the Superintendency of Banking, Insurance and AFP (SBS) has issued provisions so that the collection of these debts can be more […]
They seek to create a fund to complete the pensions of industrial fishermen
Congressman Jorge Coayla Juárez (Perú Bicentenario) proposes creating the Complementary Fund for Industrial Fishing Retirement (FCJPI), as a complementary social contribution of a permanent, intangible, unseizable and independent nature, in order to complement retirement, disability and survival of workers regardless of their pension regime at the time of retirement. Bill 5531 maintains that the contributions […]