The Peruvian State has created the 'Recognition Bonus ONP' with the purpose of providing monetary support to people who stopped contributing to the National Pension System (SNP) to join the Private Pension System (SPP).
This measure seeks to help contributors who have been economically affected by the crisis caused by COVID-19 and the increase in prices of basic goods.
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It is important to mention that the AFP to which the contributors have joined will be responsible for processing and making the payment of this money, and they must contact the ONP.
In that sense, if you are one of the people who decided to make this change, then you must pay close attention because you will know who will be able to benefit from this and what requirements you must meet.
Bono ONP LINK: Who will receive the recognition subsidy?
Through Decree of Law No. 19990 published in the Peruvian Official Gazette, all citizens who belonged to the National Pension System (SNP) and migrated to an AFP will be able to receive this money.
Bono ONP LINK: What are the requirements?
If you want to receive this subsidy, you must take into account the following requirements.
Bono 1992
You must have been affiliated with the National Pension System before December 6, 1992, and already be enrolled in the Private Pension System (SPP). The citizen must have made contributions to the National Pension System (SNP) for a minimum of 48 months within 10 years.
Bono 1996
The contributor must have been affiliated with the National Pension System and then with the Private System from 06/11/96 to 31/12/97. In addition, they had to make a minimum of 48 months of contributions within the previous 10 years between January 1, 1987, and December 31, 1996.
Bono 2001
The contribution to the SNO must have a minimum of 48 months within the previous 10 years between January 1, 1992, and December 31, 1996.
Bono 20530
According to article 9 of Legislative Decree 817, the Law of the Previsional System enacted by the State, it corresponds to the members of the system who have joined the SPP since April 24, 1996.