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The MEF announces an increase in pensions in the 20530 regime, who does it apply to?

The S/35 supplement to these pensions will be payable from the effective date of the decree. | Font: Andean

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Pensions retired in accordance with Decree-Law No. 20530, they will increase by S/35, according to a recent decree of the Ministry of Economy and Finance (MEF).

Supreme Decree No. 007-2023-EF states that this measure will apply to persons who have reached the age of 65 years and older as of December 31, 2022, provided that their total amount pensions does not exceed the annual limit of 28 UIT or S/138,600, this includes the monthly amount, bonuses, bonuses and school bonus.

In addition, they indicate that if more than one pension is received, the recalculation is made to the pension with the largest amount.

Increase S/ 35 in these pensions It will be paid from the date of entry into force of the decree.

“Entities regulate the payment of corrections corresponding to January 2023, together with the payment of pensions corresponding to February of the following year,” they said.

In order to fulfill this payment, a transfer of SGD 70 million 625,520 is being made to the specifications of the national government and various regional governments to fund the cost of the remediation. pensionscredited to the funds of the MEF contingency reserve.

Who is in this mode?

The MEF website states that the beneficiaries of this scheme are former employees of state organizations “who contributed to the scheme of Decree-Law No. 20530, which at the date of the reform (Law No. 28389) had requirements for receiving a pension. through said system.

To access this, workers they had to have at least 15 and not more than 30 years of work experience, and working women – not less than 12 and a half years and not more than 25 years.

Source: RPP

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