AFP withdrawal of 4 UIT could be approved despite the ban on pension reform

The Congress of Peru's Economy Commission has received its first legislative proposal for a ninth withdrawal of up to 4 UIT (equivalent to S/22,000) from private pension funds (AFP). The potential approval of this measure is being considered despite a prohibition established in the ongoing pension reform.

While the initiative has been formally submitted, the debate has not yet begun, and the proposal remains far from final approval. The Central Reserve Bank of Peru (BCRP) has noted that the Constitutional Tribunal (TC) previously restricted the use of AFP withdrawals to extraordinary situations.