Last Friday, May 20, the President of the Republic, peter castle, enacted the law that empowers workers to make an extraordinary withdrawal of up to S/18,400 from their pension fund. This is a sum equivalent to 4 UIT that may be withdrawn from the pension funds of the Pension Fund Administrators (AFP).
“We believe that the important benefit will help more than 8 million workers who are currently affiliated with the AFPs, I am proud to be the first elected president to affix his signature to a regulation like this”, specified the president seconds after signing the autograph that has been promulgated in the context of the COVID-19 pandemic.
When does the AFP 2022 withdrawal schedule come out?
After the publication of the norm in the official newspaper El Peruano, the Superintendence of Banking and Insurance (SBS) must regulate the standard in the next 15 business days. The institution will issue a schedule indicating the withdrawal request dates for each contributor.
Who will be able to collect the AFP in 2022?
The law indicates that all members, whether they are active contributors or not, can withdraw their money from the fund.
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What will the AFP 2022 retirement be like?
As is known, –despite not having a schedule yet– the proposal establishes that the disbursement will be made in three installments. This would be the order and approximate amounts:
- First disbursement of up to 1 UIT (up to S/4,600): within a maximum period of 30 calendar days after submitting the application to the AFP.
- Second disbursement of up to 1 UIT (up to S/4,600): within a maximum period of 30 calendar days.
- Third disbursement for the remainder of the amount requested up to 2 UIT (up to S/9,200): within a maximum period of 30 calendar days.
How to know how much money I have in my AFP?
- AFP Integra: if you are affiliated with this administrator, you can enter the following link: www.afpintegra.pe/iniciar-sesion.
- Prima AFP: enter the page http://www.prima.com.pe/wcm/portal/PrimaAFP/inicio and in “My account” you place the number of your ID and password.
- AFP Habitat: to check the statement of account in this AFP you must go to www.afphabitat.com.pe/mi-cuenta.
- future AFP: if you are a member of this AFP you can enter https://enlinea.profuturo.com.pe/zonaprivada/login to view your account statement.
Links of the AFPs in Peru
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What happens if my employer makes my contribution for the month after the deadline?
The employer must make the payment of the worker’s contributions until the fifth business day of the month following the month worked. If he does not do so within this period, he must assume the payment of default interest, which will be deposited into the pension fund.
What happens if my employer does not pay my contribution for the month?
If the employer does not pay the contribution, the AFP will carry out the corresponding administrative and/or judicial collection procedures in order to recover your contributions. This, in addition, could affect some of the worker’s benefits, such as, for example, pension insurance coverage could be suspended until payments are regularized.
What happens to my money if I stop working and therefore stop contributing monthly to the AFP?
If you stop working and contributing to the AFP, the money accumulated in your pension fund continues to be yours and gains profitability. However, you should know that some of your benefits would be affected, as, for example, it happens with your pension insurance coverage that is deactivated after 4 months of not having made contributions.
How do I get my insurance coverage back?
Your insurance coverage will be active as long as you have 4 contributions within the last 8 months before the accident. Therefore, to recover your insurance coverage, you need to contribute to the AFP again.