Overview

• The law, promulgated on September 20, authorizes a voluntary withdrawal of up to 4 UIT (S/21,400) and will open a 90‑day application window once the SBS publishes the operative rule.
• Profuturo AFP confirmed there will be two official schedules—one for filing requests and another for disbursements—that will be released after the regulation is issued.
• Disbursements are set at up to 1 UIT every 30 days, and media estimates place first payments between early and late November 2025, with subsequent monthly deposits likely extending into early 2026.
• Prima AFP cites the SBS estimate of roughly S/31,000 million exiting the system—about 27% of current assets—and warns zero‑balance accounts could swell from 2 million to as many as 8 million.
• BCR president Julio Velarde rejected making pension contributions voluntary and argued that mandatory, professionally managed individual accounts remain the soundest pension model.