In fall. Administrators lost up to 6.46% of contributions in three of their funds and ask their affiliates to trust in the long term. In the midst of this, Congress is promoting a new withdrawal. During January of this year, the profitability of three funds of the Pension Fund Administrators (AFP) registered accumulated losses at […]
Tag: afp
Companies will be able to pay debt with the AFPs in up to five years
pension. Private entities will have until December 31, 2023 to take advantage of this benefit. Nominal debt exceeds S/1,537 million. The Executive Branch promulgated Law No. 31690, which was approved by the Congress of the Republic and which creates the regime for reprogramming pension contributions of the Private Pension System (SPP) for private sector entities. […]
The law that creates the regime for the rescheduling of social security contributions is formalized
Companies that have not paid the contributions of their workers in a timely manner, will be able to access a rescheduling until December 31, 2023 The Congress of the Republic made official this Friday, February 17, 2023 the Law No. 31690 that creates the scheme for the reprogramming of social security contributions of the private […]
AFP propose assuming losses in negative profitability
Road to reform. Administrators also propose that the new system be managed by private companies and ask the State to support independent and informal workers to have a dignified retirement. The AFPs want the new pension scheme to continue to be managed by the private sector —and by other interested managers—, since “It would be […]
The AFPs propose a minimum pension for all Peruvians
Every citizen at birth, regardless of whether they will work independently or informally, will have a guaranteed pension after at least 10 years of contributions, the AFPs propose for the pension reform. The Association of AFPs (AAFP) presented its proposals for the reform of the pension system, which moves away from the equation the administrative […]
Congress has 4 days to approve a new withdrawal of up to S/19,800 from the AFPs
Parliamentarian Digna Calle asked the Economic Commission of Congress to prioritize the debate on the project. Term ends on February 17. The debate on a bill that proposes a new withdrawal of up to S/19,800 (4 UIT) from the individual funds of the AFPs is pending in the Congressional Economic Commission. In this regard, Congresswoman […]
International Monetary Fund: “It is necessary to redesign the Peruvian pension system”
Priority. The mission of the international entity points out that any reform proposal must be within the current fiscal framework. A mixed system would be the best option, according to specialist. A technical mission from International Monetary Fund (IMF) visited Peru between January 24 and February 8 of this year. Among the main conclusions that […]
Alex Contreras: “Approving a new AFP withdrawal would be the worst measure”
A new withdrawal would generate greater lack of social protection for the elderly, the head of the MEF pointed out, among one of the reasons for not approving this provision promoted by Congress. The head of the Ministry of Economy and Finance (MEF), Alex Contreras, stated that the approval of a seventh retirement of the […]
Fixed-term deposits: which banks and municipal savings banks offer the best rates for my money this 2023?
Find out which financial entities remunerate your savings best in installments so that you can choose the most attractive financial option for your profitability. Given the possibility of a new withdrawal from the pension fund of the AFPs, proposed from the Congress of the republicmany Peruvians usually take advantage of saving them in term deposits […]
Minimum pension law: is there a link to request the withdrawal of AFP in 2023?
Regulations will allow a group of affiliates to set a pension savings goal and withdraw the excess from it if they wish. In the month of January the Law no. 31670, that allows a new withdrawal of contributions from the AFP to a group of affiliates who set a savings goal during their contribution period. […]