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During the coronavirus pandemic, the Government of Peru made the decision to allow members of the pension system to withdraw a specific amount of their contributions in several stages. The Pension Fund Administrators (AFPs) have the main mission of supervising the funds of the members, who regularly contribute a percentage of their salary to ensure a compensation that provides them with a dignified old age when they retire.
In this 2023, despite the fact that COVID-19 is already under control, the country continues to face economic challenges. As a result of this situation, four months ago, Podemos congresswoman Digna Calle presented a bill that proposes a new withdrawal of funds for members of the system. Below, you will find more details in the article prepared by Depor.
What amounts do the proposals presented for the Retirement AFP 2023 indicate?
Below, we will tell you the amount proposed by each of the bills presented in Congress and the use that members could give to their money in some cases.
- Retirement AFP of up to 4 UIT (S/19,800)
- Retirement AFP of up to 3 UIT (S/14,850)
- Retirement AFP of 50% of funds
- Retirement AFP of 70% of funds
- Retirement AFP of 50% of funds for the purchase of a house
- Retirement AFP of 3 UIT (S/14,850)
- Retirement AFP of 5 UIT (S/24,750)
- Retirement AFP of 4 UIT (S/19,800)
- Retirement AFP of 25% to pay off debts with mortgage guarantee
- Retirement AFP of 100% for the purchase of a house.
Can you currently request the withdrawal of your AFP?
Yes, thanks to Law No. 30478, contributors can request the release of 25% of their funds to pay the initial quota of their first home or to amortize the mortgage loan for that property. So if you plan to buy a house or apartment, you can inquire about this option to not rely entirely on your savings.
Retirement AFP 2023: what proposals have been presented for withdrawal?
Currently, in Congress, there are 10 bills that request allowing members to access their money. Seven of the proposals indicate the population's need due to the increase in the cost of the basic family basket, and three of them indicate that with that withdrawal, people will be able to pay off debts.
Why have the projects proposing the Retirement AFP 2023 not yet been approved?
One of the reasons is that the Economy, Banking, Finance and Financial Intelligence Commission of Congress, chaired by Fuerza Popular parliamentarian Rosangella Barbarán, must include it in the agenda so that she and her team can analyze each of the projects.