This Thursday, April 18, Law No. 32002, approved last week by a large majority in the Plenary Session of the Congress of the Republic, is published in the legal regulations bulletin of the Official Gazette, which authorizes in an extraordinary and optional manner all members of the Private Pension Fund Administration System (AFP), without any exception, the withdrawal of funds accumulated in their individual capitalization accounts, up to the amount of four tax units (UIT), equivalent to S/ 20,600.
The standard also establishes the procedure for said withdrawal. It specifies that affiliates will present their request physically or virtually within 90 calendar days after the law regulations come into effect.
“An amount of up to one UIT is paid every 30 calendar days, with the first disbursement being made thirty calendar days after the application is submitted to the private pension fund administrator to which the member belongs,” details the legal device.
It adds that, “in the event that the member desists from continuing to withdraw funds from his individual capitalization account, he may request it only once from the private pension fund administrator ten calendar days before the next disbursement.”
It also indicates that the withdrawal of funds maintains the status of intangible, and cannot be subject to discount, legal or contractual compensation, embargo, retention or any form of affectation, whether by judicial or administrative order, without distinction of the account in which that have been deposited.
“What is stated in this article does not apply to judicial or conventional withholdings derived from food debts, up to a maximum of 30% of what was withdrawn,” adds the rule.
In its Sole Final Complementary Provision, it stipulates that, “the Superintendency of Banking, Insurance and Private Pension Fund Administrators will determine, through regulations, the operating procedure for withdrawal within a period that will not exceed 15 calendar days from the date of entry into force of the law, under the responsibility of its owner.”
“This bicentennial Congress is meeting the country’s requirements. The cry of the people was for Congress to approve this seventh withdrawal because it is the money of the working brothers, it is the money of the Peruvian people,” expressed last Friday, the head of Parliament, Alejandro Soto Reyes, when signing the Autograph of the, now, AFP funds withdrawal law.
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– 2024-04-21 01:19:52
