The activity of legislating in populist We can Peru now proposes the provision of funds from the ONPwhich manages the National Pension System (SNP), without taking into account the operation of that system or the costs for the State.
The congressmen of Podemos, Darwin Espinoza, José Luna Gálvez, José Arriola, Juan Burgos, Guido Bellido, Luis Picón and Francis Paredes, presented a bill that proposes to authorize the members of the SNP the withdrawal of up to four UIT (S/21,400) of their “individual accounts”. This benefit would reach both active contributors and exaportants who have not accessed a retirement pension.
“The extraordinary withdrawal of up to 4 UIT would allow exaporters to recover part of their contributions to allocate them to urgent needs, with a positive impact on national consumption,” says the project on the exposition of motives.
Initiative errors
However, the initiative does not consider that there are no individual accounts in SNP; With which, not knowing how much each affiliate contributed, all would qualify to withdraw up to S/21,400.
Nor has the potential impact to be approved by the measure been evaluated. According to the ONP, there are currently 4.5 million active affiliates to SNP. If all access the four UIT retirement, the system would have to pay S/96,980 million, almost 40% of the public budget.
On the other hand, the project proposes to increase the maximum amount of pensions granted to affiliates that do not reach 20 years of contribution. Thus, for those who register at least 10 years of contribution, the bumper of the pension would rise from S/250 to S/900 (an increase greater than 260%). For those who saved at least 15 years, the benefit would go from S/350 to S/1,300 (271% more).
The initiative was referred to the Budget and Economy Commissions. And if the tax costs it would not be considered, it could seriously compromise the country’s financial sustainability.
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