The Ministry of Economy and Finance (MEF), portfolio that presided over the Multisectoral Commission In charge of carrying out a technical evaluation of the pension system, it made public its proposal to create a new pension system. The initiative is structured around four pillars with the aim of expanding coverage to all Peruvians, as well […]
Tag: pension system
Germán Alarco: “The (social security) system must be open, not only for the AFPs”
These are key weeks for the future of the pension system in Peru, considering that in Congress the debate of the opinions that seek to reform it is awaited while waiting for the final initiative of the Executive power. In this regard, the researcher Germán Alarco questions the lack of consensus and considers that the […]
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. […]
Chileans “will not tolerate a new failure” in pension reform, warns Boric
Chilean President, gabriel boricwarned this Thursday that Chileans “they will not tolerate a new failure” in the pension reform and therefore urged the opposition to dialogue and advance “with speed, responsibility and commitment” in the processing of a law that solves what it considers a “national urgency”. During the speech of his second public account, […]
Congress: Economy Commission postpones debate on the reform of the pension system until June
yesterday the Economy Commission of the Congress met to start the debate on the proposal to reform the Peruvian pension system, a pending task for more than 20 years. However, several legislators expressed their rejection, since the working group chaired by Jorge Montoya, which was formed with the same objective, has not yet presented its […]
This is how the questioned state pension system in Bolivia works, which already collects contributions
The state Public Manager of the Long-Term Social Security of Bolivia begins this Tuesday the collection of pension contributions, after more than a decade of its creation, in the midst of an arbitration award and the mistrust of hundreds of workers. In the Bolivian Constitution of 2009 it was established that the services of “public […]
Pension reform: they insist on seed capital for retirement from birth
High informality and low productivity prevent pensions from being “decent”, stated Pablo Lavado Padilla, vice dean of the Academic Department of Economics at Universidad del Pacífico, during his presentation at the session of the work group “Strengthening and improvement of pension systems” of the Congress of the Republic. After the diagnosis presented, the economist assured […]
MEF seeks for the minimum pension to be homogeneous in the public and private system
Although only at the end of May the Multisectoral Commission of the Executive Power will submit its proposal to reform the pension system to the Council of Ministers, to later be sent to the Congress of the Republic, the Ministry of Economy and Finance (MEF) —which chairs said working group— advanced which are the pillars […]
Workers would contribute 9% for their retirement
The inexorable reform of the pension system continues to take shape on various fronts, but since the Work Commission Congress already has a concrete proposal: reduce the burden on workers and involve employers. The forecast called “law that optimizes the pension system” proposes that the affiliate no longer allocate up to 13% of his income […]
Multisectoral Commission for the reform of the pension system will depend on the MEF, no longer on the PCM
The Executive Branch modified articles 1, 2 and 5 of Supreme Decree No. 081-2022-PCM, which creates the temporary Multisectoral Commission in charge of preparing technical reports that contain an evaluation of the Peruvian pension system, as well as a proposal regulations to create the new pension system. In this way, according to Supreme Decree No. […]