In this line it has been arranged that, in the Peruvian pension integral system, the age requirement to access an advanced, ordinary or anticipated unemployment pension, when appropriate, is from 55 years.
With this, in five years the age that currently applies to access to ordinary or unemployment retirement is extended.
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However, a recent bill states that it is returned to the ordinary advanced or anticipated pension in unemployment in the SPP from the age of 50, maintaining the other requirements established for each special regime.
Given this, the Superintendence of Banking, Insurance and AFP (SBS) has shown its rejection because it implies a detriment of the dimension of sufficiency in the pension system.
“While it makes it possible for more people to agree to retire at an early age, it reduces the temporal horizon to achieve a greater accumulation of resources in their individual account,” says the regulator.
In addition, it indicates, it makes more complex the objective of achieving an adequate retirement pension for those who currently do not contribute or do not regularly for their working conditions.
Another negative impact is that it generates a greater financial burden on the company, because it will have to be the one that provides the resources (via taxes or other means of collection) to finance the protection of those affiliates who chose to retire in advance and exhausted the resources of their accounts remaining without the protection of a pension, the Superintendency manifests.
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According to the SBS, the requirement of access to an early retirement established in 50 years for men and women is an early age for the affiliates to the SPP to decide to retire or retire; Even more if demographic tendencies are taken into consideration.
Therefore, policies that restrict the reduction of early retirement age could be necessary to activate, expresses.
“In individual capitalization systems such as the SPP, the retirement age should ensure that people have a temporary horizon that allows them to accumulate sufficient resources in their individual accounts to improve pension levels in the future with adequate replacement rates, and thus counteract the effects caused by extraordinary retreats of the pension fund”says.
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Economist from the University of Piura. He currently serves as editor of finance in Diario Management.
