The Economy Commission of the Congress of the Republic counts the hours to debate his proposal to reform the pension system, which would seek to prolong the current scheme of the AFPs, according to complaints from affiliate groups. The reasons? The initiative, for example, determines that the ONP will turn to a public AFP model, […]
Tag: Pension reform
Congress proposes that the basic pension in the ONP be equal to the RMV
the congressman Paul Gutierrez (Bloque Magisterial) presented Bill No. 5242, which establishes an increase in the minimum pension for retirees from the National Pension System (SNP). Thus, the pensioners of the ONP and beneficiaries of the social security system of the Decree Law 19990 Those with 20 years of contributions and 65 years of age […]
AFP Withdrawal 2023: what is known so far about the projects seeking the release of funds?
Four months have passed since the first proposal for a seventh AFP withdrawal was presented. However, to date, the initiative led by Congresswoman Digna Calle is on file without registering any progress in its debate. What is known so far about the others? Projects requesting a new release of funds individual? We tell you here. […]
Pension reform: Montoya prepares a system that could resort again to the ONP
the congressman Jorge Montoya He gave details of the legislative proposal that he will present as part of the pension reform process that is promoted both from Congress -Labor and Economy commissions, with different specifications-, and from the Executive. The document, which will be presented next Monday after receiving suggestions and technical opinions on the […]
Pension reform: State would contribute 5% for the pension of independent workers
On May 26, the Labor and Social Security Commission of the Congress approved by majority a minority opinion to reform the current scheme through the Universal Comprehensive Pension System (SIUP). This proposal —previously supported by Sigrid Bazanhead of the working group— is made up of three pillars that we will detail: In the first it […]
AFP: They propose to authorize withdrawal of up to 100% of funds for home purchase
Congressman Ilich López, from the bench of popular actionpresented a bill to authorize the withdrawal of up to 100% of the funds from the AFPs for the acquisition of a living place. The initiative that was presented this Tuesday, May 23, provides for the release of funds for the payment of the initial fee and […]
AFP: “Ten technical entities reject a new withdrawal of funds”
According to the AFPs, there are ten technical entities —both national and international— that reject a new withdrawal of pension funds, and agree with the president of the Congressional Economic Commission, Rosangella Barbarán, on the solution: prioritize the reform of the system, since the release of savings affects those who have already spent everything. It […]
ONP: how much pension will I receive if I only contributed 10 years and what is the application process?
Following the publication of the proportional pension law in October 2021, thousands of affiliates of the Pension Standardization Office (ONP) found various facilities to benefit without the need to have 20 years of contributions. At the end of 2022, more than 24,000 accessed this payment. Therefore, in this note, we will tell you what the […]
MEF on pension system reform: “Competition must be expanded”
With a view to the reform of the pension system, the holder of the Ministry of Economy and Finance (MEF)Alex Contreras, stressed that the number of entities that participate in the administration of the funds must be extended. “We believe that competition should be expanded to generate lower commissions. The reform has to broaden competition. […]
Barbarán: “We will open the doors for financial entities to compete with the AFPs”
The president of the Economy Commission of the CongressRosangella Barbarán, pointed out this Monday, May 15, that the pension reform proposal, which is being debated in the management group she leads, states that the financial entities can compete with the Pension Fund Administrators (AFP), in order to attract individual funds from the affiliates. “We are […]