The Superintendency of Banking, Insurance and AFP (SBS) approved on Wednesday, May 19, the operating regulations so that members of the AFP can make the voluntary withdrawal of up to S / 17,600 or four tax units (UIT) from their pension fund. This entire process has a schedule of deadlines and dates.
LOOK HERE: Withdrawal AFP: when does the registration of applications start and on what date can I submit it according to my ID number
The procedure will be free and completely virtual, you just have to enter the website www.consultaretiroafp.pe, so that you can register your withdrawal request quickly and easily. Along these lines, what happens with the contributors who are residing abroad, how will they be able to carry out their procedures? In this note all the details.
Step by step your registration if you are abroad:
- People who request the return of their contributions who live abroad (as well as those who reside in Peru), must make the request by entering the portal enabled by the AFP Association: www.consultaretiroafp.pe
- Once there, you must validate your information, such as ID, Verification Digit, date of birth.
- Finally, you must place the account you have abroad so that the payment can be made there in the time established by law.
- Remember that you can enter applications from Monday to Friday, from 8 am to 6 pm and according to the last digit of your ID.
The fund managers (AFP) made public the exact dates so that their affiliates can request the disbursement according to the last number of their DNI.
This is the schedule announced by AFP Integra, AFP Hábitat, First AFP Y AFP Profuturo, which runs from May 27 to June 23:
How will the withdrawals be made?
The SBS specified that the funds will be delivered according to the following dates:
Will it be for all of the AFP?
It is estimated that some 5 million 623,000 members of the Private Pension System (SPP) will be able to apply. But, despite the fact that the initiative indicates that all AFP affiliates will be able to withdraw, there is an exception.
According to the SBS, all people affiliated with the SPP can apply for this benefit, “except those who qualify to access the Early Retirement System for Unemployment (REJA).”
In addition, it was reported that the funds withdrawn maintain their status as intangible, except for those judicial withholdings for maintenance debts, up to a maximum of 30% of the amount withdrawn.
Therefore, the procedure established by the SBS indicates that the fund managers must review the accounts to evaluate the income from April 2020 to March 2021, considering the cut-off date of April 30, 2021, to know if they access the REJA.
How do you know who qualifies for the REJA?
The REJA is a special retirement scheme created for people who are unemployed that allows them to access 95.5% of their pension fund.
To apply for this type of retirement you must be 50 years old if you are a woman or 55 years old in the case of men.
Also, you must be unemployed for 12 or more consecutive months. This period is counted from the month prior to submitting your application.
If at the time you were officially unemployed, but you had fourth category income, that is, as an independent worker, these cannot have been higher than 7 UIT or S / 30,800.
Approval for insistence
As recalled, the Economic Commission of Congress approved in April at the insistence of the law that establishes the withdrawal of up to S / 17,600 (4 UIT) from all members of the Private Pension System (SPP), in order to provide economic support in the face of the crisis generated by the COVID-19 pandemic.
From the Government, the Minister of Economy, Waldo Mendoza, announced that President Francisco Sagasti is studying the possibility of filing a lawsuit of unconstitutionality against the law to withdraw contributions from the AFPs promulgated by Congress.
“The AFP withdrawal law has just been promulgated and the president has already responded; we are studying (going to the Constitutional Court) ”, indicated the head of Economy in a press conference on May 12.