—Is the reform, as proposed by Congress, viable in this economic context? —How well the economy is doing should not be a reason not to reform a pension system, which is a long-term issue that transcends cycles due to the very nature of the pension. Each individual accumulates 40 years of working life and needs […]
Tag: Pension reform
Economy Commission will debate this Monday, March 25, the reform of the pension system
The withdrawal of 4 UITs from individual accounts will also be on the agenda. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Friday, March 22 Pronabi will auction 24 properties and 17 vehicles from S/3,000: when is it and how to buy? The […]
Julio Velarde on pensions in the AFP: “It is enough if we lived 140 years or worked more (years)”
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, pointed out that the ideal for reforming the pension system is to opt for a scheme with individual accounts – like that of the AFPs – and with mandatory contributions. “Individual accounts have the advantage that they do not defund the (public) budget, […]
Chilean Congress approves “idea of legislating” pensions but rejects distribution proposal
The Chilean Congress accepted this Wednesday “the idea of legislating the pension reform project“, in a bittersweet day for the Government, which saw how the deputies rejected its other star proposal, a 6% distribution system, “where 3% was allocated to individual capitalization accounts and the rest to a solidarity fund”. A proposal that sought to […]
Economy Commission proposes postponing the increase in pensions until 2025
Although the Economic Commission of the Congress of the Republic had planned to debate this Wednesday the 6th the report proposed by the “law of modernization of the Peruvian Pension System”, finally the session was postponed and an extraordinary session would be called for the next few days . However, the proposal prepared by said […]
MEF: currently to receive a pension of S/500 a person must earn S/2,500
Minister Alex Contreras maintains that the Executive’s pension reform will maintain the pay-as-you-go system so as not to leave citizens unprotected. Join the La República WhatsApp channel GO 🇻🇪 Price of the dollar today in Peru: what is the exchange rate for this Tuesday, October 31? Bonus of S/600 to public workers will be paid […]
ONP members will be able to migrate to the AFP without losing their contributions, the Executive Branch proposes
Pension reform endorsed by the MEF breaks the locks that govern the current model. Citizens will also be able to choose between insurance companies or financial entities to manage their money. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Wednesday, October 11? Wholesale […]
Reform of the pension system: what is the Executive proposing?
The Executive Branch is close to presenting its proposal to reform the pension system, after 30 years of the private regime of the AFPs and the ONP in the market, in order to include more competitors, reduce commissions, increase the amount received by retirees and include the independent. Minimum pension of S/600 in the AFP […]
MEF: minimum pension in the AFP and ONP would be S/600 in the new pension system
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, announced that in the final proposal for the pension reform that the Executive Branch will present to the Congress of the Republic, a minimum pension of S/600 for members of the National Pension System (SNP) – administered by the ONP – and the […]
Increase in the pension for retirees: since when would it be effective and what is missing before it is enacted?
The announcement by the president, Dina Boluarte, and the Minister of Economy, Alex Contreras, regarding the increase in the minimum pension, from S/500 to S/600, has generated expectations among retirees from the Pension Standardization Office (ONP). . Since 2019, this amount has not been readjusted and many wonder about the procedure to make this measure […]