Congress published this Friday, January 13, Law 31670, which creates minimum pensions and promotes alternative voluntary contributions in the AFPs. This regulation will allow AFP affiliates to set a savings goal for their retirement in their Individual Capitalization Account (CIC)a criterion that is optional for each contributor and that does not deprive them of the […]
Tag: afp
New recognition bonus: keys for those who went from the ONP to the AFP since 2002
Multiparty proposal updated the bond that recognizes the worker’s contributions to the national pension system when they migrated to the AFPs. Even though he Executive note the autograph, it could be approved by insistence this summer. This deposit will be made in the pensioner’s individual account at the time of retirement. 1| What is the […]
Recognition bonus: what is it, who would be the beneficiaries and what is missing for it to be approved?
Last Thursday, January 5, the Plenary of Congress approved by majority the recognition bond bill. The initiative was raised by the president of the Commission for the Economy, Banking, Finance and Financial Intelligence, Rosangella Barbaran Reyesfrom the Fuerza Popular bench, who through this proposal seeks to modify article 11 of Decree Law 25897, with the […]
If I contribute to AFP and die, do I lose my money?
If you are on the payroll or have joined the Private Pension System (SPP), you build a pension fund for your safety or that of your family. However, various factors make us ask ourselves the question: what will happen to the accumulated amount in my AFP if I die? For this reason, in the following […]
Recognition bond: Congress sent the signature of the law to the Executive branch for its promulgation
The Congress of the republic This afternoon, the autograph of the Law that proposes a recognition bonus for contributors and ex-contributors of the Pension Standardization Office (ONP) who have decided or decide to move to the Private Pension System (SPP) was sent to the Executive Power. This way, The Executive Branch will have until January […]
If I migrate from the ONP to an AFP, could I lose all my contributions?
In Peru, according to the INEI, more than 2.5 million people are affiliated to the National Pension System, administered by the Public Provisional Normalization Office (ONP). For various reasons, whether labor or economic, a citizen of that group could move to the Pension Fund Administrators (AFP) of private order. It is a process that can […]
Term deposits give rates of 9.25% to capture bonuses
The municipal savings banks expect to capture around S/21,000 million in fixed-term deposits this 2022, according to the projection of the Peruvian Federation of Municipal Savings and Credit Banks (Fepcmac). Considering that more than 4 million workers will receive their gratuities and taking into account the current social and economic context, the fixed-term deposit becomes […]
Pensions: what are the differences between the AFPs and the ONP?
Many workers wonder about the best option to save their money and be able to receive a decent pension in the future. In Peru, there are two ways: join the Private Pension System through a AFP or to the National Pension System through the ONP. In that line, the differences are several. Below we tell […]
The AFPs seek that the State contributes to pensions
The Association of AFPs (AAFP) held a meeting at the Government Palace with President Pedro Castillo to support their proposals for a possible reform of the pension system. According to Giovanna Prialé, president of the AAFP, the aim is to achieve a reform in which access to a decent retirement prevails regardless of the employment […]
They propose the creation of a pension fund for carriers according to their fuel consumption
Congresswoman Noelia Herrera from Renovación Popular presented Bill 1922/2021-CR that proposes the creation of an individual pension fund for independent public carriers, according to their fuel consumption. The initiative entered on May 3 indicates that the System of Individual Capitalization Accounts (SICIC) will be oriented to all those carriers that carry out public transport activities, […]