There are more than 18 million members of the Peruvian pension system –between the ONP and the AFP–; however, 50% “do not contribute regularly”, according to the Ministry of Economy and Finance (MEF). While almost 5 million citizens of productive age are not affiliated with any pension scheme. “In other words, there are currently fewer […]
Tag: mef
Unions will be able to negotiate economic improvements with public entities until July 15
In accordance with Law No. 31188, which regulates collective bargaining in the State, Public entities and representatives of civil servant unions have until this Saturday, July 15, to negotiate economic agreements and working conditions, reported the National Civil Service Authority (Serve). The agreements reached between the public unions and the various state entities take place […]
Fonavi: after two years of publishing the law, not a single sol has yet been returned
It has been more than two years since it was approved Law 31173which guarantees compliance with the money back law of the National Housing Fund (Fonavi) to the workers who contributed to it. However, to date, no payment has yet been made beyond the advance of S/10, of the 19 lists. Here we present a […]
Peruvian economy would have grown 0% in May, anticipates Sunat
The Peruvian economy would have had zero growth during May of this year, announced the National Superintendence of Customs and Tax Administration (Sunat). According to the entity, due to this performance, the collection June 2023 reached S/10,102 million in net tax revenue from the central government, discounting tax refunds. “The determining factors of the June […]
Fonavi: appoint a new ONP representative before the Ad Hoc Commission created by Law 29625
The Ministry of Economy and Finance (MEF) appointed Eduardo Josue Mariños Alfaro as representative of the Pension Standardization Office (ONP) before the Ad Hoc Commission created by Law No. 29625, Law for the return of Fonavi money to the workers who contributed to it. Through ministerial resolution No. 248-2023-EF/10, MEF also terminates the appointment of […]
Agricultural sector collapses and its GDP falls by 20% due to the climate crisis
The agricultural sector continues to deal with the devastating consequences of the crisis that it went through during the second half of 2022 and the first months of this year, due to climatic phenomena such as extreme droughts and irregular rainfall. These weather events have caused an unprecedented collapse in this subsector, evidenced by the […]
MEF: “Agricultural GDP fell 20% (in April), the biggest drop since we have records”
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, stated, during his presentation at the Budget Commission of the Congress of the Republic, that the economy in the second quarter of the year will be affected by two factors: the collapse of the agricultural sector due to climate change, and the absence […]
Fonavi 2023: why doesn’t the return of contributions start?
More than two years have passed since the approval of the Law no. 31173, a norm that guarantees compliance with the Law for the return of money from the National Housing Fund (Fonavi) to the workers who contributed to the extinct fund. However, to date, no payment has yet been made to the nearly 2 […]
What happens if my company discounted the AFP, but did not make the deposit?
Every month, companies retain 10% of the remuneration of the worker to later be transferred to his individual capitalization account of the Pension Fund Administrator (AFP) to which he is affiliated. This amount is key, because it will ultimately be a savings that will later be destined for retirement at the end of your work […]
Companies will be able to split debts with the AFPs up to 60 installments
There are 151,017 employers who have not deposited their workers’ contributions to their pension fund, which affects 1,202,028 affiliates. Bonus and Christmas bonus 2023: which workers receive full salary in July and who only S/300? Price of the dollar today in Peru: what is the exchange rate for this Wednesday, July 5? Private sector companies […]