Advice, AFP 2023: How much money is in your pension fund? | Answers

Finding the current balance of your retirement fund has become more accessible than ever. If you are wondering how to access this important information, in this post we provide you with the essential steps to find out how much you have saved in your AFP. In addition to other information you need to know about this subject.

How do I know how much is in my retirement fund?

It should be taken into account that each AFP at national level has a total record of all contributions, which can be viewed on the website or app of AFP Integra, Prima, Habitat and Profuturo.

• AFP Integra: If you are a link of this administrator, you can enter the following link: www.afpintegra.pe/iniciar-session.
• Press AFP: Enter the following page we put below: http://www.prima.com.pe/wcm/portal/PrimaAFP/inicio Enter your ID number and password in “My Account”.
• AFP habitat: You must enter to review account status in this AFP www.afphabitat.com.pe/mi-cuenta.
• Profuturo AFP: If you are a joiner of this AFP, you can enter https://enlinea.profuturo.com.pe/zonaprivada/login View your account statement.

According to SBS, how do I know which AFP I belong to?

As confirmed in some sites, to query which AFP belongs to, it should be done as follows:

• Go to “Register” option SBS Online Services.
• Read the terms of use. If you accept these, declare it and click “Next”.
• It will ask for your ID number and email. In order to successfully complete your registration, we recommend that you have your identification document handy.
• After registration, choose the option “Pension Status Report” and that’s it. This way you will know which AFP you are in.

If you are a foreigner, click on the relevant option that appears in point 3.

What is the difference between AFP and ONP?

The choice between the Pension Fund Administrator (AFP) and the Office of Pension Normalization (ONP) system involves important financial decisions that directly affect workers’ economic futures during retirement.

In the AFP scheme, the amount of pension one receives is strongly influenced by two basic factors: the amount of savings accumulated throughout one’s working life and the returns generated by investments. In this system, the individual is responsible for managing their contributions and making strategic decisions about how to invest their funds.

On the other hand, the ONP model takes a different approach. Here, workers’ contributions are added to a common fund that serves as a source of pension for multiple beneficiaries. However, one important feature distinguishes this program from AFPs: in ONP, individual contributions do not generate profits. This means that regardless of the amount accumulated in the fund, no additional increase is generated through investments.

A significant difference in profit generation directly affects the amount of pensions workers can expect. Those who choose AFP have the opportunity to optimize their savings and promote financial growth through smart investment decisions. On the other hand, those opting for ONP should consider that their pension will be determined by the amount contributed, without the added factor of investment performance.

Ultimately, choosing between AFP and ONP involves careful evaluation of retirement goals, investment ability, and risk tolerance. Workers should consider these important factors when making decisions about their long-term financial security.

What is AFP?

Companies known as Pension Fund Administrators (AFP) are established private entities responsible for managing the financial resources earmarked for pensions within the framework of individual accounts.

These companies were born in 1993 and operate in the Private Pension System (SPP) sector.

AFPs play a significant role in providing benefits in the form of pensions covering areas such as pension, disability and survivor protection. Additionally, they play a role in assisting with funerals.