Overview

• Congress passed the measure on September 17 to allow withdrawals of up to 4 UIT (S/21,400), and as of September 19 the signed autógrafa had not yet been delivered to the Presidency, leaving the start date uncertain.
• President Dina Boluarte has expressed support for the law, and officials and experts project first payments in November if the remaining steps move quickly.
• Once promulgated, the SBS has up to 30 days to publish the operating procedure, after which AFPs will accept requests for 90 calendar days through online portals and in-person channels.
• Payouts are capped at 1 UIT (about S/5,350) per month with the first deposit 30 days after a request; affiliates with less than 1 UIT may withdraw their full balance in a single payment per prior practice.
• Withdrawn money remains protected from most seizures, with court-ordered child-support deductions allowed up to 30%, and the SBS estimates about S/31.6 billion could exit the system.