Overview

• Congress authorized an optional withdrawal of up to S/21,400 per affiliate, payable in four monthly installments of 1 UIT each with the first deposit 30 days after filing a request.
• President Dina Boluarte signaled support for the law, and the SBS has up to 30 days to issue the operative rules before AFPs open portals for requests online or in person.
• Experts forecast applications could start in early October and indicate first disbursements may land in early November, with one timeline pointing to November 5 for the initial payment.
• All affiliates of the private pension system are eligible to apply, and the withdrawn funds remain intangible except for court‑ordered deductions of up to 30% for alimentary debts.
• The SBS estimates an outflow of about S/31,613 million and reports 2.2 million accounts at zero balance, figures critics cite to warn about long‑term pension sustainability.