AFP 2024 Withdrawal Debate: MEF Stance and Member Information

2024-03-25 11:07:00

Although this discussion was going to take place on March 13, during a decentralized session in the town of Chanchamayo, it did not take place due to problems of lack of electricity and Internet connectivity.

MORE INFORMATION | AFP 2024: How do I know how much money I have in my pension fund?

César Revilla, president of the Congressional Economy Commission, confirmed that the debate on the new retirement of the AFP (the seventh since 2020) will take place on March 25 | Photo: César Bueno / El Comercio (Archive)

REVIEW | AFP 2024: How do you know how much you have accumulated in the pension fund?

MEF against new AFP withdrawal

The Ministry of Economy and Finance (MEF), through the General Directorate of Financial Markets and Private Pensions, sent a report to the Legislature with an opinion against a new withdrawal of pension contributions.

Through official letter No. 483-2024-EF-10.01, dated March 11, the Minister of Economy and Finance, José Arista, sent the technical opinion of the sector on this matter to the president of the Parliament’s Economy Commission, César Revilla. discussed topic, through report No. 0042-2024-EF/65.03.

This, after the aforementioned legislator asked the MEF for its opinion on bill No. 6566, which authorizes members of private pension funds to make extraordinary withdrawals of up to 4 UIT (S/20,600).

LOOK HERE | AFP 2024 withdrawal: know all the details of the debate for the withdrawal of the 4 ITUs

It also indicates that the measure proposed in bill 6566 has a negative effect on the member, “since it reduces his future pension when he reaches retirement age, affecting one of the objectives of social security, which is to ensure the member a periodic payment of a pension based on the amount accumulated for the stage of his or her old age.”

Letter from Minister José Arista to the president of the Congressional Economy Commission

MEF’s grounds for expressing its opinion against the withdrawal of AFP

“PL 6566 contravenes the provisions of articles 10, 11 and 12 of the Political Constitution of Peru and would imply non-compliance with international treaties on human rights ratified by Peru.”

“The application of the provisions of PL 6566 would cause around 6 million SPP members to withdraw funds from their CIC, which would imply a potential outflow of resources of around S/ 29.5 billion” in favor of 6 million affiliates.

“In relation to the recommendations of the OECD, Bill No. 6566/2023-CR does not include what was stated by said organization, which could be counterproductive for the country in its accession process to the OECD.”

LEARN MORE | How much is 1 UIT worth? This you should know in case of eventual AFP withdrawal

How do I know how much money I have in my AFP?

• AFP Integra: if you are a member of this administrator, you can enter the following link: www.afpintegra.pe/iniciar-sesion.
• AFP Premium: Enter the following page that we place below: and in “My account” you enter your ID number and password.
• AFP Habitat: to review the account status in this AFP you must go to www.afphabitat.com.pe/mi-cuenta.
• Profuturo AFP: if you are an affiliate of this AFP you can log in to see your account statement.

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