Contributors over 50 years of age and unemployed for at least 12 months can request a refund of 50% of their fund.
Image
On December 31 , the Early Retirement Scheme – created by Law No. 29426 in 2009 – which facilitates the retirement of unemployed contributors, comes to an end .
According to César Chang, Operations Manager of Integra, in its four years of validity, some *9,400 AFP members *have processed a pension under this rule.
How to apply for this benefit? The executive explains that only contributors who have been unemployed for at least 12 consecutive months can access it. If they are men, they cannot be under 55 years of age , and if they are women, they cannot be over 50 years of age.
It is essential that the fund they have philippines number screening accumulated allows them to receive a monthly payment that is equal to or greater than a minimum living wage (S/. 750) . If it is less, they will not be able to manage their retirement, Chang says.
As a reference, the executive mentions that, to obtain the monthly pension, a man must have around S/.145 thousand in his Individual Capitalization Account (CIC). If it is a woman, she must have saved S/.170 thousand.
So far, the average pension obtained under this modality reaches S/.1,929 , says Integra.
REFUND If your fund is not enough, you will not be able to retire, but the law allows you to request a refund of 50% of what you have accumulated to use as you see fit.
Chang recommends paying off major debts, such as your home mortgage.* "Don't use the money for current expenses.* Remember that retirement depletes your fund and, when you turn 65, you'll get a very low pension," he says.
"There are members who have decided to start a small business with the money they have earned , and in this way they begin to cover part of their expenses," he notes.
- Board index
- All times are UTC
- Delete cookies
- Contact us