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Tag: private pension system

Jorge Guillén, associate professor at ESAN University: “It was necessary to put the contributions of independents on the table”

Jorge Guillén, associate professor at ESAN University: “It was necessary to put the contributions of independents on the table” Jorge Guillén, associate professor at ESAN University: “It was necessary to put the contributions of independents on the table”

The debate on pension reform, promoted by Congress and the Executive, has been widely resisted not because of the need to offer better pensions and include more contributors, but because of insisting on extraordinary withdrawals. ESAN professor Jorge Guillén hopes it will be approved this week, despite his flaws. —Congress has presented an opinion with […]

What are the requirements to access early retirement in Peru?

What are the requirements to access early retirement in Peru? What are the requirements to access early retirement in Peru?

In our country, the retirement age is 65 years, a period in which working life usually ends after contributing a lot of time to the Peruvian pension system. However, that changed since Law No. 31332 came into force in 2021 so that members of the Pension Fund Administrators (AFP) can access the Early Retirement Regime […]

More than 5 million AFP members have less than S/4,950, according to the SBS

More than 5 million AFP members have less than S/4,950, according to the SBS More than 5 million AFP members have less than S/4,950, according to the SBS

As of June 2023, of the 9.1 million members of the private pension system, 5.1 million have less than S/4,950 (1 UIT) in their individual capitalization accounts (CCI) when before the pandemic they reached 3.1 million. Likewise, 2.3 million have empty accounts, according to the Superintendency of Banking, Insurance and AFP (SBS). “82% of (AFP) […]

AFP: how to access early retirement at age 50 and what are the requirements?

AFP: how to access early retirement at age 50 and what are the requirements? AFP: how to access early retirement at age 50 and what are the requirements?

Review all the requirements and steps to access this modality of the Private Pension System that allows you to retire before the age of 65. Join the La República WhatsApp channel If you are looking to advance the moment of your retirement, you have to read this note. It turns out that since 2021 Law […]

New AFP withdrawal: a demand that has been stagnant for a year

New AFP withdrawal: a demand that has been stagnant for a year New AFP withdrawal: a demand that has been stagnant for a year

The pandemic accelerated the needs of Peruvians, and in the face of a market that brutally increased costs, the voluntary release of funds from the AFPs was an alternative to survive. In total, six withdrawals were authorized. And, despite controlling the threat of Covid-19from the middle of last year to date, a total of eight […]

Barbarán: “We will open the doors for financial entities to compete with the AFPs”

Barbarán: “We will open the doors for financial entities to compete with the AFPs” Barbarán: “We will open the doors for financial entities to compete with the AFPs”

The president of the Economy Commission of the CongressRosangella Barbarán, pointed out this Monday, May 15, that the pension reform proposal, which is being debated in the management group she leads, states that the financial entities can compete with the Pension Fund Administrators (AFP), in order to attract individual funds from the affiliates. “We are […]

Law for the new ONP recognition bonus: who will be the first beneficiaries to receive it?

Law for the new ONP recognition bonus: who will be the first beneficiaries to receive it? Law for the new ONP recognition bonus: who will be the first beneficiaries to receive it?

On April 27, it was published in the Official Gazette A Peruvian man the law of the new recognition bond. This measure that benefits both contributors and exporters of the Pension Standardization Office (ONP) was approved at the insistence of the Congress after obtaining a large majority of 86 votes in favor. New ONP Recognition […]

Recognition Bonus: Everything You Need to Know

Recognition Bonus: Everything You Need to Know Recognition Bonus: Everything You Need to Know

Last week, the Congress of the Republic approved the insistence of the measure that seeks to recognize an amount of money to affiliates who transferred from the Pension Standardization Office (ONP) to the AFPs since 2002. Given this, the contributors and exporters of National Pension System (SNP) want to know when they will start receiving […]

New ONP Recognition Bonus: who will be beneficiaries and what is missing for it to come into effect?

New ONP Recognition Bonus: who will be beneficiaries and what is missing for it to come into effect? New ONP Recognition Bonus: who will be beneficiaries and what is missing for it to come into effect?

After being observed by the Executive in February of this year, the Congress of the republic decided to approve by insistence the handwritten law that authorizes a new recognition bonus for members who migrated from the Pension Standardization Office (ONP) to the Pension Fund Administrators (AFP). In figures, they are 3.1 million people who moved […]

AFP Withdrawal 2023: what does the SBS think about a new disbursement of funds?

AFP Withdrawal 2023: what does the SBS think about a new disbursement of funds? AFP Withdrawal 2023: what does the SBS think about a new disbursement of funds?

There are six bills that seek to authorize a seventh release of individual funds from the Pension Fund Administrators (AFP). Are proposalswhich are awaiting an opinion in the Economy Commissionhave caused diverse opinions and positions on various fronts such as the Ministry of Economy and Finance (MEF), the Central Reserve Bank of Peru (BCRP), the […]

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