During the COVID-19 pandemic, the Government of Peru authorized the release of funds from the pension system thus giving workers the freedom to withdraw a specific amount of their money in several stages. Although COVID-19 is over, the country is going through an economic crisis that is reflected in the increase in the price of basic necessities. For this reason, the withdrawal of the AFP and in this note you will know how the request made by the authorities is going.
What is the role of the AFPs?
The main mission of the Pension Fund Administrators (AFP) is to supervise the funds of affiliates, who regularly contribute a percentage of their salary to ensure compensation that provides them with a dignified old age when they retire.
Can you currently request withdrawal from the AFP?
The answer is yes, and it is that thanks to Law No. 30478, contributors can request the release of 25% of their funds to pay the down payment on their first home or repay the mortgage on that property. So if you plan to buy a house or apartment, you can consult this option so as not to fully resort to your savings.
Retirement AFP 2023: what proposals have been presented for the release?
There are currently 10 bills in Congress seeking to allow affiliates access to their money. Seven of the proposals indicate the need of the population in view of the increase in the cost of the basic family basket and three of them indicate that with this withdrawal, people will be able to pay debts.
How is the 2023 AFP Retreat going in Peru?
Despite the efforts to maintain the economy in the country, this has not been possible due to several factors and that is why the Podemos congresswoman, Digna Calle, presented a bill that proposes a new withdrawal of funds for affiliates To the system.
The parliamentarian proposes that this should be the amount of each of the bills presented in Congress. Some of these releases of money are even conditioned to specific uses.
- AFP withdrawal of up to 4 UIT (S/19,800)
- AFP withdrawal of up to 3 UIT (S/14,850)
- AFP withdrawal of 50% of funds
- AFP withdrawal of 70% of funds
- AFP withdrawal of 3 UIT (S/14,850)
- AFP withdrawal of 5 UIT (S/24,750)
- AFP withdrawal of 4 UIT (S/19,800)
- AFP withdrawal of 50% of funds for home purchase
- 25% AFP withdrawal to pay mortgage-backed debts
- 100% AFP withdrawal for home purchase
Consultation LINK with DNI for the AFP Retirement 2023
It should be noted that to date, no bill for the withdrawal of the AFPs has been made official this year, therefore, removing the AFPs does not have a consultation link with DNI. However, you could check in the following links how much you have saved in your pension funds. To do this, you must enter your account and find out your status.
Why are the projects that propose the 2023 AFP Withdrawal still not approved?
One of the reasons is because the Commission on the Economy, Banking, Finance and Financial Intelligence of Congress, chaired by the parliamentarian of Fuerza Popular Rosangella Barbarán, must place it on the agenda so that she and her work team can analyze each of the projects and so far it has not been done.