The analysis that has been carried out in the Congress of the Republic of Peru of the projects that promote a new withdrawal from the AFP. The possibility of allowing members of the Pension Fund Administrators (AFP) able to withdraw their money must be carefully studied and now a new proposal has been presented in Congress. In this note that we have prepared at Depor we tell you all the details regarding this important topic.
Who presented the new project for the retirement of the AFP?
Congressman Edgard Reymundo of the caucus Democratic Change – Together for Peru presented last Thursday, November 2, Bill No. 6289 that seeks to authorize, in an extraordinary manner, a new withdrawal of up to 3 UIT (S/14,850) from the pension fund destined for the retirement of members of the Private System of Pensions (SPP).
Who would benefit from the new AFP retirement project?
The AFP members who would access said withdrawal are:
- People who are unemployed for six continuous months.
- People who have not had a job for 12 months accumulated during 2022 and 2023 as of the date of issuance of this law.}
Exceptional withdrawal of 95% of the AFP fund for health
The proposal has also considered that those people who suffer from oncological diseases or diseases with a serious or advanced pathological condition, diagnosed by public and private health entities, can access the extraordinary withdrawal of 95% of the pension fund. In this case, the total disbursement will be made 30 days after submitting your request.
What would the AFP withdrawal be like?
The procedure for requesting and disbursing the money would be carried out as follows:
- Affiliates submit their request virtually or in person, and only once, within 60 calendar days after the regulations of this law come into effect.
- 2 UIT (S/9,900) will be paid in a single withdrawal and 1 UIT (S/4,950) 30 calendar days after the first deposit. The first disbursement will be made 30 calendar days after the request is submitted to the private pension fund administrator to which the beneficiary belongs. affiliate.
What are the projects pending approval for the withdrawal of the AFP?
Currently, in Congress there is 16 bills that propose allowing members to access their funds. So far three of them have been debated without a response from the authorities in charge of analyzing the proposals to decide whether they will allow them or not.
- AFP withdrawal from 2 UIT (S/9,950) – Second Montalvo Cubas (Free Peru) (ALREADY DEBATED)
- AFP withdrawal from 4 UITs (S/19,800) – Guido Bellido (Peru Bicentennial) (ALREADY DEBATED)
- AFP withdrawal of up to 3 UIT (S/14,850) – Victor Cutipa (Peru Bicentennial) (ALREADY DEBATED)
- AFP withdrawal of up to 3 UIT (S/14,850) and 95% of the fund for terminally ill patients – Edgard Reymundo (Democratic Change – Together for Peru)
- AFP withdrawal of up to 4 UIT (S/19,800) – Worthy Street (We can Peru)
- AFP withdrawal of 50% of funds – Elias Avalos (We can Peru)
- AFP withdrawal of 70% of funds – Americo Gonza (Free Peru)
- AFP withdrawal of 50% of funds for home purchase – Patricia Juarez (Popular Force)
- AFP withdrawal from 3 UITs (S/14,850) – Victor Flores (Popular Force)
- AFP withdrawal of 5 UIT (S/24,750) – Jaime Quito (Not grouped)
- AFP withdrawal of 25% to pay debts with mortgage guarantee – Melissa Cordova (Country Advances)
- 100% AFP withdrawal for home purchase – Ilich Lopez (Popular Action)
- AFP withdrawal from 4 UITs (S/19,800) – Jose Luna (We can Peru)
- AFP withdrawal from 4 UITs (S/19,800) – Kelly Portalatino (Free Peru)
- AFP withdrawal from 4 UITs (S/19,800) – Jorge Luis Flores Ancachi (Popular Action)
- AFP withdrawal from 4 UITs (S/19,800) – Flavio Cruz (Free Peru)
On what dates were the projects for the withdrawal of up to 4 UITs from the AFP 2023 discussed?
Due to the insistence of various parliamentarians to debate the possibility that contributors to the Pension Fund Administrators (AFP) can make a new withdrawal of up to 4 UIT from their funds, two debates have already been held on the topic: Wednesday, October 4 (they analyzed two projects) and Wednesday, October 18 (they debated a proposal).
Conclusions of the first debate on the withdrawal of the AFP
On October 4, Congress debated the possibility of allowing AFP members to make a new withdrawal from the pension fund. At that meeting, two proposals of the 14 that different parliamentarians have presented so far were analyzed.
- Bill 03585/2022-CR: It consists of withdrawing up to 2 UIT (S/9,900) and proposes improving the interest earned with time deposits, mutual funds, mortgage guarantee, among others. Second Toribio Montalvo Cubas supports.
- Bill 04190/2022-CR: proposes to have up to 3 UIT (S/14,850) due to the economic crisis that affects the country. It will be led by Víctor Raúl Cutipa Ccama.
Conclusions of the second debate on the withdrawal of the AFP
The debate on the proposed withdrawal from the AFP of Congressman Guido Bellido (Perú Bicentenario) ended with the parliamentarian’s request to the Presidency of the Economy Commission regarding the importance of approving his project so that it can later be analyzed in the full. Bellido proposed that members can request the withdrawal of up to a maximum amount of 4 UIT (S/19,800), but in three fleets.
- First withdrawal: S/ 4,950 (1 UIT), which must be deposited up to 30 days after making the request.
- Second withdrawal: S/ 4,950, which must be delivered no later than 30 days after receiving the first payment.
- Third retreat: S/9,900 (2 UIT), which must be deposited in the same waiting time as the previous ones.