More than three million Peruvians could be left without a pension fund if the initiative that establishes the withdrawal of up to S / 17,200 soles from the AFPs by affiliates without contributions for 12 consecutive months is approved, the SBS warned.
“If this initiative is approved around 1.5 million affiliates would be left without a fund pension“, previous.
He added that these 1.5 million affiliates would be added to the 2.1 million who already have a zero balance in their individual capitalization accounts (CIC) due to authorized withdrawals by the Executive Power (Urgency Decrees 034 / 038-2020) and Congress (Law 31017), within the framework of the health emergency, and by the possibility of access to 95.5% of the funds at retirement age.
He added that although the Congress initiative aims to provide members with liquidity to meet immediate expenses or obligations, the cost in the medium and long term will be enormous with millions of them without pensions.
“Currently, there are 7.6 million members in the SPP. However, there are already 2.1 million affiliates with zero balances in their individual accounts.”, He said.
The SBS specified that, under the protection of the aforementioned regulations, within the framework of the national health emergency situation, AFP affiliates have already withdrawn more than S / 24,000 million.
Thus, those who withdrew their funds under DU 034 / 038-2020 and Law 31017 total a million 271,065 people (60% of the total), while those who did so within the framework of 95.5% amounted to 235,666 (11% of the total ). The SBS specifies that those who never listed add up to 621,473 (29% of the total).
The SBS considered that for these people the possibilities of rebuilding their pension fund in order to have a pension that provides protection for their retirement will involve an enormous effort.
“It is as if they were just starting their working life, but with a shorter long-term savings horizon. The most affected will be those aged between 45 and 55 years”, Anticipated the SBS.
He said that the objective of a pension fund is to grant a pension when the affiliate reaches retirement age and ends his working life.
Affiliates congressional initiative approved not only would they lose their retirement pension but they would also be losing the right to access health benefits when they retire, He said.
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