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AFP: Congress proposes freeing up half of funds to pay off debt

The initiative will also allow 50% of the AFP Contributor Fund to be used to pay the down payment on the first property. | Fountain: Andean

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The new bill will allow to withdraw up to half of the funds from the pension fund managers (AFP), what are we talking about?

This initiative will allow up to 50% of pension funds to be made available for the purpose of abolishing debts member contract in the financial system.

The measure, proposed by the Podemos Peru parliamentary group, proposes that this exemption be used to pay for personal loans, credit cards or other funding received in Banking organizations formal.

In addition, the presence of 50% of the AFP depositor fund will allow you to pay the down payment for the first property, provided that it is a mortgage loan.

It should be remembered that currently the withdrawal of up to 25% of savings retirement cancel the initial of the first house.

More AFP withdrawals

this week congressmen They submitted two other legislative proposals that propose a new 3 and 4 UIT payment from private pension funds.

One of the bills proposes a payment of 3 UIT, equivalent to 14,580 S/ private pension funds.

The measure, proposed by Congressman Victor Kutipa, comes in the face of a social and political crisis that is causing economic problems due to falling consumption, demand for goods and services, and job losses.

In addition, another project was presented that offers withdrawal of 4 UTIIwhich is equivalent to SGD 19,800, from AFP.

According to Congressman Dign Kalle, the goal of the initiative is to empower members “in an extraordinary and optional manner” Private AFP System withdrawal of funds accumulated on their individual capitalization accounts.

The measure will not apply to those who are eligible for early retirement due to unemployment.


Source: RPP

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