Looking for extra cash? Find out the details behind a possibility here New revenue of fund of the AFPs.
The Economic and Finance Commission is responsible for approving the bill, which will undergo a plenary debate.
New AFP withdrawals have been strengthening in recent days. Many workers want their money back Pension fund Thanks to many Members of Parliament for introducing their Bills Return that money Subsidiaries may have a primary purpose such as Buying a home or other activities.
The Economic and Financial Commission Analyzes each Legislative initiative And has great arguments for not harming the pension system and especially the money of future pensioners. In the following note, we answer all the questions you need to know about possible withdrawals 19 thousand 800 feet of the AFPs.
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Within the note you can see:
- Under what circumstances is the bill to withdraw funds up to 19,800 feet?
- What are the procedures to claim refund up to 19800 feet?
- What is the executive branch’s position on the possibility of approving withdrawal of funds up to 19,800 feet?
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Under what circumstances is the bill to withdraw funds up to 19,800 feet?
The bill is in the Congressional Committee on Economics and Finance; However, there is no exact date to suggest its approval.
As the legislative session ends on Friday, June 23, we will have to wait until the next session in the second half of this year to resolve the issue.
Also, these legislative initiatives have been tabled in the commission for more than 100 days, which has created discomfort for workers who want to know the final decision of the legislative authority.
You can see: AFP 2023: Latest information known about withdrawing up to S/14,850 from the pension fund
What are the procedures to claim refund up to 19800 feet?
If the bill is approved in the next Legislature, these are the possible steps affiliates would have to take to get their AFP funding back:
- Affiliates must submit their request remotely, virtually, or in person within 90 calendar days of the rule’s effective date.
- In case the subsidiary avoids withdrawal of funds from his personal capital account, he can request the same from the Private Pension Fund Administrator only once 10 days before disbursement of the amount.
- First Disbursement of up to 1 UIT (S/4,950): Within a maximum of 30 calendar days, calculated from the date of submission of the application to the AFP.
- Second delivery up to 1 UIT (S/4.950): within a maximum of 30 calendar days, calculated from the first delivery issued by the AFP.
- A third distribution for the remainder Amount claimed up to 2 UIT (S/9,900): Within a maximum of 30 calendar days, calculated from the second disbursement made by the AFP.
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What is the executive branch’s position on the possibility of approving withdrawal of funds up to 19,800 feet?
The Minister of Economy and Finance (MEF), Alex Alonso Contreras, indicated in a press conference that a complete reform of the pension system has been proposed, which seeks benefits for subsidiaries and does not harm the pension system by withdrawing new contributions.
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How to switch from ONP to AFP?
- Changing is free.
- You can change almost.
- You need to go to the AFP Integra website and there will be simple steps to switch from ONP to AFP.
