In mid-February, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, announced that the agreed proposal of the Executive Power for the reform of the pension system would be presented in March, but, two days before the end of the month, They have not even submitted their evaluation of the current model. […]
Tag: pension system
MEF on recognition bond: “It will put an end to the National Pension System”
A few weeks ago, the Congressional Commission on the Economy, Banking, Finance and Financial Intelligence insistently approved the opinion that seeks to update the recognition bonus to the contributors and exporters of the Pension Standardization Office (ONP). Thus, everything was ready to be discussed in plenary. Given this, the Ministry of Economy and Finance (MEF) […]
Executive would present 2 pension reform proposals
The pension system reform it has returned to the public agenda and both the Congress of the Republic and the Government are summoning the various actors to refine their proposal. However, the Executive Power would plan to present two initiatives, one would be in charge of the Ministry of Economy and Finance (MEF) and the […]
AFP profitability starts 2023 with losses
In fall. Administrators lost up to 6.46% of contributions in three of their funds and ask their affiliates to trust in the long term. In the midst of this, Congress is promoting a new withdrawal. During January of this year, the profitability of three funds of the Pension Fund Administrators (AFP) registered accumulated losses at […]
International Monetary Fund: “It is necessary to redesign the Peruvian pension system”
Priority. The mission of the international entity points out that any reform proposal must be within the current fiscal framework. A mixed system would be the best option, according to specialist. A technical mission from International Monetary Fund (IMF) visited Peru between January 24 and February 8 of this year. Among the main conclusions that […]
ONP: Congress approves opinion that creates a commission to analyze pension changes
The Economy, Banking, Finance and Financial Intelligence Commission approved with seven votes in favor and five abstentions the opinion of the bills that propose to create a special multisectoral commission in charge of establishing compensation mechanisms, recognition bonuses and pension administration alternatives. to contributors and former contributors to the National Pension System (SNP). The commission, […]
Inflation, pensions and inequality: Chile’s economic challenges
A skyrocketing inflation, a pension system undercapitalized and exacerbated inequality after the pandemic: the next president of Chile He will lead a country that ceased to be the “oasis” that it was before October 2019, when the most serious protests erupted since the dictatorship. The seven candidates who will compete on November 21 to reach […]