Overview

• The Economy Committee set the octavo retiro on today’s agenda with a vote expected, drawing presentations from MEF chief Raúl Pérez Reyes, SBS head Sergio Espinosa and the AFP association.
• Lawmakers are weighing 25 draft bills, most authorizing up to 4 UIT (S/21,400), with others proposing 95.5% or 100% access or targeted exceptions.
• The SBS estimates withdrawals could reach S/26,320 million from about 7.5 million affiliates, while the MEF projects up to 8.6 million could forfeit eligibility to future guaranteed benefits and end with zero balances.
• Under Law 32123 and its new regulation, the S/600 minimum requires 240 months of contributions and no new extraordinary withdrawal, and the rule currently requires stopping work to claim the minimum.
• Economists and the SBS argue approval would undermine the pension reform’s goals and shift long‑term risks to coverage, fiscal support and system credibility.