Sixth withdrawal of funds from the AFPs continues running. According to the schedule, September 10 is the deadline for people to access up to 4 UIT (S / 18,400).
How is the process going? The manager of AFP Integra, Aldo Ferriniexplained that the amount requested to date, at least in the administrator it represents, amounts to 65% of the total that could be accessed.
“In our case, around S/11,000 million could be accessed. So far we are at 65%, but on previous occasions we reached 80% “he specified and pointed out that similar percentages would be handled in the other management companies.
It should be noted that, in this sixth withdrawal of funds, approved by the Congress and to which the Government gave the green light in May, it is estimated that S / 31,800 million will be accessed.
Aldo Ferrini also pointed out that the average access ticket is S/6,500, because many affiliates already withdrew almost everything they had available at the time. With the previous five withdrawals, around 2.3 million people were left with zero soles in their individual accounts.
About, the former Minister of Economy and Finance, Luis Miguel Castillastated that there should no longer be a “seventh access to funds”, since he pointed out that this harms the pension system.
“There is no pro in this measure, unless at some point it had been decided that there would be a targeting criterion, such as for those who do not have a job”commented.
Likewise, it considered that the people who agreed to this sixth process are those with high incomes, and who did not require this money to survive.
“The initial withdrawals were for people who had little balance, who were engaged in their work or ran out of it. Now it was for people with high incomes”, he assured.
In the same way, he explained that, although this type of action can give “a small boost” to consumption, that only happens in the short term, “But the impact is greater because we have a perforated system, which will lead to more subsidies.”.
system reform
The former minister also spoke about the commission created by the Executive, which is in charge of preparing a project to reform the pension system. He indicated that “I do not predict much success” to the extent that it depends on the Presidency of the Council of Ministers.
“The main thing is that we have 80% of the population that does not have social security coverage, so that is what we should aim for. This reform must not fall into the populism of Congress and the Executive”held.
Meanwhile, Ferrini commented that, although more affiliates have to be recruited, better pensions for people must also be generated.
“The commission in charge must be very transparent in socializing what it is doing and in stages. The other commissions failed because they did not give progress and then took measures that the people rejected. Conversation dynamics are important.I note.
Data
According to the SBS, with the rules to dispose of 95% of retirement savings, 25% for the purchase of the first property and five of the six withdrawals due to the pandemic, S / 111.5 billion of funds came out.
That amount represents 12.7% of GDP.
