The Economy Commission of Congress of the Republic began on Wednesday, March 5, the support of the projects of law that seek to release an eighth withdrawal from AFP pension funds for this 2025. The parliamentary work group, led by Congressman Ilich López (Popular Action), submitted to discussion three legislative initiatives 10153/2024, 10227/2024 and 10355/2024, […]
Tag: Pension reform
Pension reform in Peru faces criticism for not addressing structural problems of the labor market
Despite the promulgation of Modernization Law of the Peruvian Pension System No. 32123in Congress there have been three new bills that propose additional retreats from AFP funds, which could affect the sustainability of the system and compromise the financial security of retirees. One of the principles of the new standard is to guarantee a state […]
AFP won more than S/491 million in 2024, despite retreats and generate low in -depth profitability of affiliates
Despite the tremors of the seventh withdrawal of savings and generate a profitability Almost null in all types of funds, the four pension fund managers (AFP) operating in Peru (habitat, integr, profutur and cousin) registered earnings at the end of 2024, from S/491 million 450,000. This amount It represents an increase of 1.04% more than […]
Union of Trade Unions: if employers contribute to their workers’ pensions, unemployment will rise
Businessmen argue that if the pension reform forces them to contribute a percentage for retirement, informality will also increase. Join the Whatsapp channel The reform of the pension system is currently under consideration in Congress, and for the Union of Trade Unions, a mandatory contribution rate for employers for the retirement of their workers should […]
If the new pension reform law is approved, what AFP withdrawal modalities could be carried out?
The Congress of the Republic left the opinion of the law to reform the pension system to air. Although this proposal was approved in two votes by the Plenary Session, the review of two reconsiderations by parliamentarians Germán Tacuri of the Magisterial Block and Elizabeth Taipe of Perú Libre, who seek to annul this controversial […]
They request to annul the vote of the Plenary that approved the pension reform law promoted by Fujimorism
The controversial pension reform was approved by the Plenary last Thursday, June 6, in an irregular vote. Only 38 parliamentarians supported the opinion of the Congressional Economic Commission amid shouts, complaints and blows on the benches. Following this decision, more than 20 legislators presented a motion of censure against the vice president of the Board […]
Congress ratifies pension system reform in second vote and blocks future withdrawals from the AFP
The law also establishes the questioned pension for consumption promoted by Fujimorism and prohibits those under 40 years of age from withdrawing all funds upon retirement. Join the WhatsApp channel With 38 votes in favor, 10 against and 16 abstentions, the Congress of the republic approved the questioned reform of the pension system in the […]
Independent workers would have to make mandatory contributions, according to Congress’s pension reform
The reform of the pension system approved by the Plenary of Congress in the first vote seeks to progressively increase the coverage of affiliates through a structure based on four pillars for raising funds: contributory, non-contributory, semi-contributory and voluntary. In that sense, one of its most ambitious objectives is to incorporate independent workers as contributors. […]
Workers under 40 years of age will not be able to withdraw 95.5% of their AFP, according to the pension reform of Congress
There remains one week for the course of the opinion on the reform of the pension system promoted by Fuerza Popular to be decided. The legislative proposal was approved by a majority last Thursday, May 30, in the Plenary Session of Congress and must undergo a second vote for its scope to become effective. One […]
Pension reform: they warn that consumption pension will provide “crumbs” for retirement
Last Wednesday, May 29, Congress approved in the first vote the reform of the pension system, an initiative developed within Fuerza Popular. Among its main cards is the consumption pension, which “seeks to include 20 million Peruvians” outside the pension scheme. The consumption pension consists of 1% of annual purchases of up to 8 UIT […]