AFP Retirement 2023: Will contributions of up to S/19,800 be able to be withdrawn?

Retirement of AFP 2023 Peru | Congressman Guido Bellido presented a legislative initiative that aims to allow the release of pension funds up to S/19,800. This proposal underwent debate, so HERE we tell you all the relevant details about the project. Can contributions of up to 4 UIT be released yet?

As we mentioned, Guido Bellido's legislative initiative was debated. The debate ended with the Legislator urging the Presidency of the Economy Committee to approve as soon as possible the report of his proposal for its respective discussion in the Plenary. Therefore, the release of contributions has not been accepted yet.

Congressman Guido Bellido's legislative proposal suggests that AFP affiliates have the option to submit their withdrawal requests, either in person or online, within 90 days from the publication of the project.

Once the process starts, the first payment of S/4,950 (equivalent to 1 UIT) must be made within the following 30 days. The second payment, of the same amount, will be made 30 days after the first one, and finally, the third payment of S/9,900 (2 UIT) will be deposited in the third stage of the process.

So far, congressmen have presented 15 bills seeking to allow a seventh release of private pension funds. Three of these proposals are intended for mortgage use for the purchase of housing. The other 12 seek to help affiliates cope with the increased cost of basic goods.

So far, four of these projects have been debated: the AFP Withdrawal of 2 UIT by Segundo Montalvo, the AFP Withdrawal of up to 3 UIT by Víctor Cutipa, and the AFP Withdrawal of up to 4 UIT by José Luna and Guido Bellido.