Overview
- The ONP approved an operational reglamento that entered into force on 14 September 2026 to apply the semicontributory pillar created by Law No. 32123.
- The rule guarantees a S/600 monthly minimum pension for people aged 65 with 20 years (240 UdA) of contributions and creates proportional pensions of S/300 for 10–<15 years and S/400 for 15–<20 years.
- Applicants must start requests through their AFP or fund administrator, the ONP has 30 working days to decide, approved accounts must be transferred within 15 calendar days, and granted pensions are irreversible.
- Pension administrators and the ONP have up to 100 business days to adapt systems so services must be enabled by February 2027 at the latest, and voluntary transfers between ONP and AFP will operate via the PAST platform from 1 June 2027 with a 24‑month waiting rule for subsequent moves.
- The reglamento defines Bono de Reconocimiento rules for former ONP contributors who join AFPs, sets disability pension tests that require at least 12 months of recent contributions plus a medical certificate, and makes the state responsible for topping up private accounts when balances do not reach the S/600 floor.