Overview

• Congress authorized a voluntary withdrawal of up to 4 UIT, payable in up to four monthly tranches of 1 UIT, with the first deposit made 30 days after each request.
• The Superintendencia de Banca, Seguros y AFP must issue the operative procedure within 30 days of promulgation, after which affiliates will have 90 days to apply.
• Experts and officials project requests could open in early October and initial payments could start in November, contingent on swift promulgation and regulation.
• President Dina Boluarte has expressed support for the measure, but reports say the congressional autógrafa has not yet been sent to the Executive, creating near‑term timing uncertainty.
• The law maintains fund intangibility except for judicial or conventional retentions for alimentary debts up to 30%, and the SBS projects about S/31,600 million could exit the system, with roughly 68% from affiliates over 40.