belong to one AFP allows us to build a retirement fund that will be made up of our savings and the cost effectiveness generated over the years. However, being affiliated with an AFP can give you access to Benefits additional. Which are? Shirley Parodi, Operations Manager of AFP Integra helps us explain them in this note.
Medical care
If you are a pensioner or have withdrawn up to 95.5% of your funds, you have access to medical care at EsSalud. To access this benefit, you must have received your retirement, disability or survivor’s pension for 3 consecutive months or 4 non-consecutive months during the last 6 months, or have withdrawn up to 95.5% of your funds.
In case of emergency
“In addition, contributing to the AFP gives you insurance that protects you and your family. A case in which the insurance coverage is activated occurs if the member dies and has contributed at least 4 months in the last 8 months to his AFP. The insurance allows the beneficiary(ies) not only to receive the corresponding pension for the amount saved and the return generated, but also increases the fund to grant them a pension of up to 100% of the member’s monthly salary. with a cap of S/ 10,535″, indicated the specialist. In other words, with your contributions and current insurance coverage, you and your family are even better protected.
On the other hand, if the affiliate suffers a loss or decrease in his ability to work, he may receive a disability pension. In the case of partial disability, this may be up to 50% of the average salary received in the last 48 months prior to the accident.
In the case of total disability, the pension may be up to 70% of the average salary received in the last 48 months prior to the accident. In order to receive a disability pension, the member must meet the contribution time requirements and must not have started the retirement process.
living place
Finally, as a member of the AFP you can withdraw up to 25% of your fund to pay the down payment or to pay off the mortgage on your first property.
Remember that contributing to build your pension is very important for your future and that of your family. After the five extraordinary withdrawals approved in the last two years, more than S/ 66.5 billion of retirement funds have been disbursed by the AFPs to affiliates, a sum equivalent to almost 9% of GDP.
