Pension Reform Project with AFP Withdrawal: Vote Scheduled for First Week of March

2024-02-20 14:58:00
President of the Economy Commission, César Revilla, assures that they will vote in the first week of March on the pension reform project that includes an AFP withdrawal. Photo: Infobae/Andina compositionThe Congressional Economy Commission said goodbye to 2023 with a file in the debate on pension fund withdrawals, due to the lack of consensus within the working group. By an additional vote, the bloc made up of Fuerza Popular, Renovación Popular, Alianza Para el Progreso and Avanza País prevailed against the requests of Perú Libre, which to date is the bench that has presented the most bills in search of a seventh AFP withdrawal. The president of the Congressional Economy Commission reported that his working group will see the proposals for a new withdrawal of AFP funds up to 4UIT. | Channel N

“We have no problem with it being four [UIT]. The MEF said that we are coming out of the recession. We could give the withdrawal and it will be put to the consideration of colleagues. If approved, it would be requested that it be prioritized on the Plenary agenda. “We are adjusting the text so that it has the greatest possible consensus,” he told Semana Económica.

There is still a sector of the Congress of the Republic that seeks to complete the withdrawal of 4 UITs from the Pension Fund Administrators (AFP). (Composition: Infobae Peru)

“The (pension) reform comes with a complementary provision that is the retirement (AFP) and we are evaluating opening it up to 4 UIT, if it is necessary for everyone, because as the Minister of Economy (Alex Contreras) has stated, we are entering a recovery of the economy,” he previously told the press.

Let us remember that the prediction of the comprehensive reform of the pension system in Peru proposes a structure of four pillars: non-contributory, semi-contributory, contributory and solidarity.

José Arista, during his time at the MEF four years ago, gave the green light to the promulgation of the AFP withdrawal. Photo: Infobae/Andina

In statements to Gestión, the new Minister of Economy José Arista maintained that the country has lost the solidity it previously had in the Pension Fund Administrators, since the coronavirus pandemic, where in a bitter context, the population required liquidity.

“I don’t know if there are any funds left for more withdrawals, so much has been withdrawn that I don’t know if there are any balances left. Covid-19 hit us, we had to defend ourselves somehow. But, we have to stop our hand, we are reaching a stage of growth, I think our current GDP is well above post-covid,” he said.

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