AFP Withdrawal: The Details Behind the New Return of Funds and How to Request up to 19,800 Soles

2023-07-01 15:41:23

Are you looking for extra money? Know HERE the details behind the possibility of a new return of funds of the AFPs.

Updated on 07/01/2023 – 09:15h

The Economy and Finance Commission is in charge of approving the bill that will be debated in plenary.

The new AFP withdrawal has been gaining strength in recent days. Many workers seek the return of their Pension funds This thanks to the fact that several parliamentarians have presented their bills that seek to ensure that the return of that money affiliates may have a primary objective such as purchase of a house or other activities.

The Economy and Finance Commission has been analyzing each legislative initiative and that it has the best arguments for not harming the pension system and especially the money of future retirees. In the following note, we answer all the questions you should know about the possible withdrawal of up to 19 thousand 800 soles of the AFPs.

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You will be able to see inside the note:

What is the status of the bill that seeks the withdrawal of funds of up to 19,800 soles? What would be the steps to request the withdrawal of funds of up to 19,800 soles? What is the position of the Executive Power before the possibility of approving the withdrawal of funds of up to 19 thousand 800 soles?

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In what situation is the bill that seeks the withdrawal of funds of up to 19 thousand 800 soles?

This bill is in the Economy and Finance Commission of Congress; however, there is no exact date for its approval and referral to be sent to the plenary session for its respective vote.

The legislature ended on Friday, June 23, so we will have to wait until the next session in the second half of the year to address the issue.

Likewise, these legislative initiatives have been presented in this commission for more than 100 days and this has caused discomfort on the part of the workers who want to know a final decision by the Legislative Power.

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What would be the steps to request the withdrawal of funds of up to 19 thousand 800 soles?

If the bill is approved in the next legislature, these would be the possible steps that the affiliate must take to request the return of their AFP funds:

Affiliates must submit their request remotely, virtually or in person, for the one time within 90 calendar days after the start of the regulation. In the event that the affiliate desists from withdrawing the funds from their individual capitalization account , you can request it only once from the private pension fund administrator, 10 days before the respective disbursement.First disbursement of up to 1 UIT (S/4,950): within a maximum period of 30 calendar days, computed from the date the application was submitted to the AFP.Second disbursement of up to 1 UIT (S/4.950): within a maximum period of 30 calendar days, computed from the first disbursement made by the AFP. Third disbursement for the remainder of the Amount requested up to 2 UIT (S/9,900): within a maximum period of 30 calendar days, computed from the second disbursement made by the AFP.

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What is the position of the Executive Branch regarding the possibility of approving the withdrawal of funds of up to 19,800 soles?

The Minister of Economy and Finance (MEF), Alex Alonso Contreras, indicated in a press conference that a total reform has been proposed for the pension system that seeks benefits for affiliates and not harm the Pension System with a new withdrawal of contributions.

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How do I change from ONP to AFP?

Changing is free. You can transfer virtually. You will need to go to the AFP Integra website and there will be simple steps for you to transfer from ONP to AFP. TEMASAFP Withdrawal from AFP
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