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February 21, 2025
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They raise new retirement age, what would it be?

They raise new retirement age, what would it be?

The bank of Popular renewal presented a bill that modifies article 57 of Legislative Decree 728, Law on Employment Promotion. The proposal refers that “the retirement It is mandatory and occurs in case the worker turns 70. “

It should be noted that currently retirement age in Peru is 65 years. The parliamentary proposal refers that the person to the 70s can continue in their position until December 31 of the year in which it meets this age.

“The increase in life expectancy in Peru is a determining factor in the need to adapt labor legislation. According to the World Bank (2023), life expectancy in the country has reached an average of 77 years, which implies That many people of retirement age still have full capacity to continue performing their functions, “reads the exhibition of the proposal.

Likewise, the project refers that the measure leads to multiple benefits “for both workers and companies, because it allows an orderly labor transition and avoids abrupt cessations.”

In this regard, the former head of the Superintendence of Banking, Insurance and AFP (SBS), Juan José Marthans, told Peru21 That life expectancy in the country has increased, so proposals of this type have to be analyzed.

“We must evaluate the standard of global retirement age and in Latin America. It must also be seen that this could improve what is paid for pensions for affiliates to the private system,” he said.

In that sense, he pointed out that a measure that can be taken into account as an incentive is that people between 65 and 70 years that contribute to the private do not pay commissions to these companies.

Withdrawals to order

On the other hand, Juan José Marthans rejected the proposals that raise new withdrawals from the AFP funds such as in Parliament, and indicated that Peru currently does not go through a crisis that justifies this access.

“We are not in a difficult situation like that of the COVID, or as the financial crisis of 2008. Initiatives are only populist proposals that seem unimportant to me, little serious and little aligned with the interests of the country,” he said.

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