Overview
- Peru’s Congress approved an extraordinary withdrawal of up to 4 UIT (S/21,400) from private pension funds, to be delivered in four monthly payments of 1 UIT each.
- After publication of the law, the SBS has up to 30 days to set the operational procedure, which will open a 90‑day window for affiliates to file requests via AFP portals or in person.
- Funds withdrawn will be intangible against most seizures, with deductions permitted only for child‑support obligations, and affiliates may halt future payouts with advance notice.
- Officials and media estimate first disbursements could start in late October or, more likely, early November 2025, contingent on timely promulgation and regulation.
- In Argentina, ANSES is paying September benefits with a 1.9% CPI update and a $70,000 bonus for minimum pensions, while Beneficios ANSES offers automatic discounts and reintegros at affiliated merchants when using the benefit‑linked debit card, with Banco Nación adding a 5% reintegro via BNA+ MODO subject to a monthly cap.