:quality(85)/cloudfront-us-east-1.images.arcpublishing.com/infobae/MTDKO56TIFCUXDGBDZIZSFYKMU.jpg "AFP Withdrawal 2023: Congress to debate withdrawal of up to 4 UITs in October")
The Economic crisis It has severely affected the people of Peru. Increase in food prices Basic family basket It has affected homes and is a concern for authorities. From the midst of the crisis Congress of the Republic A discussion on new withdrawals from the Pension Fund Administrators (AFP) is announced in the coming weeks.
Member of Parliament this morning Jose Luna The legislative branch announced that if the withdrawal of up to 4UIT is approved, Peruvians will have access to the AFP amount again. As he mentioned through his social networks, this legislative initiative will be discussed in October.
“New hope for thousands of AFP members! We will discuss in October Retro D 4 out“Necessary and urgent action to alleviate economic crisis and strengthen weak pockets of families. Let’s retire no matter what!” He noted that.
The stance of other ‘Fathers of the Nation’ on this move is not yet known. However, there are other programs that ensure citizens have access to these amounts:
- AFP withdrawal up to 4 UIT (S/19,800) – Digna Calle (Vamos Perú)
- AFP withdrawal up to 3 UIT (S/14,850) – Víctor Cutipa (Peru Bicentenary)
- 50% Withdrawal of AFP Funds – Elias Avalos (Vamos Pero)
- 70% refund of AFP funds – Américo Gonza (Peru Libre)
- AFP Withdrawal of 50% of Funding for Home Purchase – Patricia Juárez (Fuerza Popular)
- 3 Withdrawal of AFP from UIT (S/14,850) – Víctor Flores (Fuerza Popular)
- 5 Withdrawal of AFP from UIT (S/24,750) – Jaime Quito (not group)
- 4 AFP Retirement from UIT (S/19,800) – Guido Bellito (Peru Bicentenary)
- 25% AFP Cashback on Pay Off Loans with Mortgage Guarantee – Melissa Cordova (Avanza Buys)
- 100% AFP withdrawal for home purchase – Ilich López (popular action)
- 4 AFP Retirement from UIT (S/19,800) – Jose Luna (Vamos Peru)
The authorities are yet to accept the significance Withdrawal from AFP. Experts and members of Peruvian politics have called the proposals “populist measures”. Even the head of the Ministry of Economy and Finance has mentioned this initiative (MEF), Alex ContrerasHe warned of the risks involved in endorsing any of these initiatives.
“In the long run, it’s going to reduce workers’ pensions, and that’s not the right environment. We’ve already had six withdrawals, and the seventh is unnecessary. These funds should never be touched. Nowhere in the world is the idea of touching pension resources raised. For every thousand soles you withdraw today, when you actually retire, It will be less than 18,000 feet,” he said. Economic Minister.
Earlier during his speech at the forum he said “Peruvian Pension Reform and Investment Opportunities“, had already expressed his opinion and emphasized that the approval of these initiatives endangers retirees who are considered vulnerable populations. The portfolio was against this withdrawal. “Remember: last year we allocated 13 billion soles in addition to pensions. If we don’t reform the pension system, there is a possibility that this number will increase and reach proportions that we cannot finance,” he explained.
“If Congress were to move forward with this type of proposal, it would have to be very specific, like people who have been out of work for two years, but we would defer the issue for the future,” he added.
