AFP 2023 withdrawal: what remains for a new disbursement to be made? (Andean)

There is not just one, but at least three bills that are being promoted in the Congress of the Republic so that a further withdrawal from the Pension fund administrators (AFP). Among these is the one proposed by the deputy Digna Calle, from Podemos Peru, to be able to withdraw up to 19,800 soles (4 ITU).

This initiative is the one that has generated the most interest among affiliateswho are waiting to know what is missing so that this new retreat can be realized.

The bill is still in the Commissariat for the economy The Congress is waiting to be approved and to have the green light to go to plenary. Less than a week ago, lawmaker Calle called for the proposal to be prioritized by Friday, Feb. 17, when the legislature ended.

Parliament has in its hands the power to approve a further withdrawal of the AFPs.
Parliament has in its hands the power to approve a further withdrawal of the AFPs.

The Speaker of Parliament, Jose Williams, had the option of expanding the legislature, but that did not happen. It has been learned that the next legislature starts on Wednesday, March 1, so until then they have to wait until they can see the said draft for the new withdrawal.

“There are 4 days left before the end of the legislature, and the Congress You have the opportunity to help the economy of families by approving a new withdrawal from your AFP Fund. For this reason, I asked the Economics Committee to prioritize the opinion of my project,” Calle wrote on his official Twitter account on February 13.

According to the proposal of we can peruthere are more than eight and a half million AFP Affiliates who are demanding the approval of the aforementioned legislative initiative, “since they urgently need their money to face the economic crisis that the country is going through”.

If this bill comes to fruition, it would become the seventh retreat which would be approved since the start of the coronavirus health emergency.

There are at least three projects that are betting on a further withdrawal of AFPs.  (Andean)
There are at least three projects that are betting on a further withdrawal of AFPs. (Andean)

Even this information is preliminary, but it is believed that the costs of affiliates It would be similar to that already observed in the other six previous disbursements.

-Affiliates must submit their application remotely, virtually or in person, for the only time within 90 calendar days after the start of the validity of the rule.

– In the event that the member waives the right to withdraw the funds from his individual capitalization account, he can only make the request once to the administrator of the private fund. pension funds10 days before the respective disbursement.

-The first payment would be up to 4,950 soles (1 ITU): within a maximum period of 30 calendar days, from the presentation of the application to AFP.

– The second installment would be up to 4,950 soles (1 ITU): within a maximum period of 30 calendar days, calculated from the first disbursement by AFP.

– The third disbursement would relate to the balance of the amount requested up to 9,900 soles (2 ITU): within a maximum period of 30 calendar days, calculated on the basis of the second disbursement made by AFP.

Digna Calle asked to prioritize a new project for the withdrawal of up to 4 ITUs from AFP funds.
Digna Calle asked to prioritize a new project for the withdrawal of up to 4 ITUs from AFP funds.

Perhaps, as in the past, withdrawing the funds would maintain the intangible condition. This means that they cannot be subject to discount, legal or contractual compensation, embargo, withholding or any form of assignment, whether by judicial or administrative decision, whatever the account. on which they were deposited. Nor would it apply to judicial or contractual deductions resulting from food debts.

According to data from the AFP Association, the previous six withdrawals meant an outflow of nearly 88 billion soles (more or less 10% of Peru’s GDP). Moreover, there are already around 2.5 million members with zero balance.

For the head of the Ministry of Economy and Finance (MEF), Alex Contrerasit would be a bad measure and would impact the whole country.

“My view is that would be the worst measure. This would not only have an impact on affiliatesThis would have an impact on the country, on the ability to fairly finance all the infrastructure that we want to finance. It will also have an impact on the country’s savings capacity, because in the long term what is invested in the country depends a lot on internal and external savings,” he said for Punto Final, Sunday, February 12. last.

Categorized in: