Since 2025, retirees in Peru who have contributed to the system of pension standardization for a period of 15 years will experience an increase in the amount of their pensions. The recent reform of the pension system in Peru introduced significant changes for affiliates to the Pension Standardization Office (ONP). One of the most outstanding […]
Tag: pension system
This is the age you must be to access early retirement in Peru and what are the requirements
In our country, the minimum age to retire and apply for a pension is 65 years. However, members of the Pension Fund Administrators (AFP) can access this benefit without having to have met this condition. It turns out that since 2021, Law 31332 came into force, which standardized the age to access early retirement in […]
ONP confirms BONUS payment on July 15: check if you are a beneficiary and guide to collect it
With the intention of providing significant support to retirees from the mining, metallurgical and steel sectors, the ONP has announced that on Monday, July 15, the payment will be made Mining Bonus 2024. This benefit is supported by the Complementary Mining, Metallurgical and Steel Retirement Fund (FCJMMS) and is designed to support pensioners in these […]
Fuerza Popular seeks to implement a new pension system that would go against tax collection
With the aim that Peruvians can retire and have a good quality of life, there has been discussion about what reforms the pension system needs. The Congressional Economy Commission was scheduled to debate, last Thursday, April 25, an opinion that accumulates several projects, one of them proposes a new way of contributing to pensions: through […]
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, […]
What is known about the pension increase for ONP retirees? Beneficiaries and amount for pensioners
President Dina Boluarte and Alex Contreras, head of the MEF, announced on Friday, August 25, an increase in the minimum pension that would benefit more than 600,000 retirees from the Pension Normalization Office (ONP), covered under Legislative Decree 19990. Despite the intentions of the Minister of Economy for this increase to be implemented starting in […]
Pension system reform: Executive prohibits the withdrawal of 95.5% for new affiliates
Within the pension system reform bill sent by the Executive power to Congress, the withdrawal of 95.5% of the funds, currently applied for early retirement for people between 50 and 55 years old, is put to an end. Nevertheless, The proposal prepared by the Ministry of Economy and Finance (MEF) eliminates the possibility of withdrawing […]
Reform of the pension system: they ask Congress to evaluate the Executive’s project by listening to members
The Peruvian Association of Consumers and Users (Aspec), in front of executive branch bill Regarding the reform of the pension system, he considered that this initiative should be evaluated carefully by the Congress of the Republic and listening to the voice of the affiliates, which has not happened until now. For Aspec, the Executive Branch’s […]
AFP withdrawal: in which cases can I use my pension fund and what requirements do I need to meet?
The Pension Fund Administrators (AFP) are private institutions that have spent many years in our country regulating the amounts corresponding to citizens in terms of retirement, disability and survival, as well as burial expenses. In this sense, there are various mechanisms to access the money you have saved in your private pension fund, such as […]
AFP 2023: what is known about a possible seventh withdrawal of funds?
The Second Legislature of the Congress of the Republic came to an end and various bills were shelved. Some of them are those related to the seventh withdrawal of the Pension Fund Administrators (AFP), which were not prioritized by the Economy Commission to become an opinion and achieve their subsequent approval in plenary. In this […]