At the beginning of May, Congress insistently approved the bill that allows the withdrawal of 25% of contributions to AFPs, as an emergency measure for members of the Private Pension System (SPP) to obtain liquidity and face the economic crisis caused by the coronavirus pandemic.
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Almost two months later, another similar proposal now arises from Parliament itself, but this time involving the Office of Pension Standardization (ONP).
On Wednesday, the Economic Commission, chaired by legislator Anthony Novoa (AP), approved the bill that allows former taxpayers to the ONP request the return of all your funds in the National Pension System (SNP).
After a long session, which entered an intermediate room on two occasions, the initiative was approved with the favorable vote of eleven 11 parliamentarians. In addition, there was a vote against and one abstention.
The project will now go to plenary to be debated by the entire national representation.
Who would agree to the return of contributions to the ONP?
The text establishes a special procedure for exporters to the ONP, over 55 years, can request the withdrawal of all their funds, from the beginning of their work experience, provided they have not reached 20 years of contributions.
For contributors who are active withdrawal of up to S / 4,300 is allowed (an ITU) in an extraordinary way, with the aim of mitigating the negative effects on their family finances due to the quarantine decreed by the Government.
The opinion establishes that the ONP will attend to the requests presented within a maximum period of 30 business days, under the responsibility of the official to whom the application form is assigned. In this case, the ‘positive administrative silence’ would apply.
When would contributions be returned?
The amount of the funds would be returned as follows: 50% within 30 business days, from the favorable rating of the application to the ONP, and the other 50% it would be delivered within 60 business days from the first disbursement.
The funds to be withdrawn would maintain the status of intangibles, so they could not be discounted, legal or contractual compensation, embargo, withholding or any form of affectation, either by judicial and / or administrative order.
“What is stated in this provision does not apply to judicial or conventional withholdings derived from food debts, up to a maximum of 30% of what is withdrawn”, clarify the text.
Opinions divided
The congressman Anthony Novoa, head of the Economic Commission, said that the objective of the project is to do justice to the people who contributed less than 20 years to the ONP. “It is still expected to fine-tune the initiative in the plenary session of Congress, we seek justice, but with responsibility”, Indian.
Previously, the head of the ONP, Victorhugo Montoya, said that to attend to a request of this nature, it would be necessary to resort to the State. “The only thing you can do is look at the Treasury and ask for the funds. And the Public Treasury is focused today on the different programs. A technical analysis must be made ”, stated.
For her part, the Minister of Economy, Marie Antoinette Alva, I think that “Any measure that involves the withdrawal of resources from the pension fund hurts current pensioners, as the payment of their pensions would be unfunded.”
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