Since the start of the COVID-19 pandemic, six extraordinary withdrawals from the Pension Fund Administrators (AFP) have been authorized in Peru, which involved the release of S/87,962 million, according to data from the AFP Association. Now, from the Congressa new disbursement of individual funds is promoted which, despite the position against the Ministry of Economy […]
Tag: afp
Victorhugo Montoya: “Recognition bonus impacts analysis for an improvement in pensions”
After 20 years, the recognition bond will be updated thanks to a regulation promoted by Congress. However, the head of the ONP expresses his concern because this norm would generate a high fiscal cost for the State and a massive transfer of affiliates to the AFP. — What impact would the recognition bond (BdR) have? […]
ONP: “People think they are going to receive a very high recognition bonus and it doesn’t even reach S/4,000”
in dialogue with The Republicthe head of the Pension Standardization Office (ONP), Victorhugo Montoya, indicated that “it is a possibility” that the Government presents an unconstitutionality claim before the Constitutional Court (TC) for the autograph by insistence -approved by Congress- that updates the recognition bond for the contributors and ex-contributors of the ONP who migrated […]
Recognition bonus may only be collected at age 65
After approving the update of the recognition bonus for those affiliates of the ONP who migrated to the AFPs from 2002 —or seek to do so now—, from the Central Reserve Bank of Peru (BCRP) warn that the initiative promoted by Congress places the public system on the ropes. According to Carlos Montoro, manager of […]
New ONP Recognition Bonus: who will be beneficiaries and what is missing for it to come into effect?
After being observed by the Executive in February of this year, the Congress of the republic decided to approve by insistence the handwritten law that authorizes a new recognition bonus for members who migrated from the Pension Standardization Office (ONP) to the Pension Fund Administrators (AFP). In figures, they are 3.1 million people who moved […]
3.1 million affiliates who went from the ONP to the AFPs will receive a recognition bonus
More than 3.1 million members of the National Pension System (SNP) that decided to switch from 2002 to 2021 to the Private Pension System (SPP) -made up of the AFPs- will receive the recognition bonus, that is, they will be recognized for the contributions they made during their stay in the ONP. This, after the […]
ONP: 4.6 million would stop contributing after the Recognition Bond was approved
After the Congress of the Republic approved, on April 13, at the insistence of the autograph of the law that updates the Recognition Bond for contributors and ex-contributors of the Pension Standardization Office (ONP), the latter entity ruled and pointed out that this measure will seriously jeopardize the sustainability of the National Pension System (SNPs). […]
BCRP: the new recognition bonus will decompensate the ONP
Access to a dignified old age is put at risk, assured Carlos Montoro, manager of Monetary Policy of the BCRP. Dollar price today in Peru: what is the exchange rate for this Friday, April 14? What can I do if I receive counterfeit bills from the ATM? Congress approved yesterday — by insistence — the […]
ONP recognition bond will be updated after two decades
With 86 votes in favor, 7 against and 14 abstentions, the Congress of the Republic approved the insistence of the law that updates –after more than 20 years– the recognition bonus for contributors and former contributors of the Pension Standardization Office ( ONP) that passed to an AFP since 2002. Previously, the cutoff for these […]
AFP Withdrawal 2023: what does the SBS think about a new disbursement of funds?
There are six bills that seek to authorize a seventh release of individual funds from the Pension Fund Administrators (AFP). Are proposalswhich are awaiting an opinion in the Economy Commissionhave caused diverse opinions and positions on various fronts such as the Ministry of Economy and Finance (MEF), the Central Reserve Bank of Peru (BCRP), the […]