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Peru’s AFP Withdrawal Law Takes Effect as Official Timeline Awaits SBS Rule

The law is in force pending an SBS regulation due within 30 days.

Overview

  • The SBS has up to 30 calendar days from the law’s entry into force to publish the operative procedure that will open applications and set the payment calendar.
  • Media outline a likely four‑installment design of up to 1 UIT per month (S/5,350 each) paid about 30 days apart, contingent on the forthcoming regulation.
  • Some reports circulate tentative deposit dates of November 5, December 5, January 4 and February 3, which remain unconfirmed until the SBS issues the official schedule.
  • Applications are expected to be accepted online or in person at AFP offices, with payments deposited to the affiliate’s registered bank account, according to reported procedures.
  • Coverage also points to a roughly 90‑day application window after the regulation and the option for affiliates to desist from later installments if they choose.