A percentage of their salary is deducted monthly from people who work in a private company to be deposited in their AFP (Administrators of pension funds). This is so that the worker can count on financial support when he retires. Although, during the COVID-19 pandemic, the Government of Peru decided to allow members of this system to withdraw their money.
In this context and due to the rise in prices of the products of the basic basket, in the Congress of the republic They are analyzing the possibility of allowing people to withdraw a part of their pension fund again. To learn more, keep reading Depor’s note.
What is the link to carry out the AFP 2023 Retreat?
The proposal is not yet approved, so no link has been shared to complete the process. However, while they are being analyzed, we recommend that you use the following links to verify the amount of money in your AFP.
What proposals have been presented in Congress for the release of the AFP in 2023?
Currently, there are 10 bills in Congress that propose to allow members to access their funds. Seven highlight the need of the population due to the increase in the cost of the basic family basket, while three that this money can be used to pay debts. Below are the amounts indicated by each bill.
- 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 50% of funds for home purchase
- AFP withdrawal of 3 UIT (S/14,850)
- AFP withdrawal of 5 UIT (S/24,750)
- AFP withdrawal of 4 UIT (S/19,800)
- 25% AFP withdrawal to pay mortgage-backed debts
- 100% AFP withdrawal for home purchase.
When can you request the AFP 2023 Retirement?
There is still no date because Congress is still analyzing whether it will be possible for contributors to make additional withdrawals from pension funds. Remember that they must determine the amounts and armadas, analyzing the consequences.
Why are the projects that propose the 2023 AFP Retirement still not approved?
The main reason 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.
How much do they deduct from your salary to deposit it in your AFP?
- A 10% of your salary goes to your pension fund (amount depends on salary)
- Commission for AFP administration.
- The discount depends on whether the member is in commission on the flow (between 13.21% and 13.43%) or in the mixed commission (between 11.74% and 12.41%
Can you currently request the withdrawal of your AFP?
Indeed, thanks to Law No. 30478, affiliates have the possibility of requesting the release of 25% of their funds in order to use it for the initial payment of their first home or to repay the mortgage loan associated with said property. Therefore, if you are considering buying a house or apartment, you can explore this option so that you are not completely dependent on your savings.