2023-04-26 05:00:00
A heated debate ended in the approval of a norm that authorizes a Recognition Bonus for the contributors of the ONP who migrated to the AFP since 2002. By the way, many wonder who could be beneficiaries of this extra subsidy that the Government provides for contributors. In this note we tell you everything you need to know about this topic.
WHO WOULD BE THE BENEFICIARIES OF THE ONP 2023 RECOGNITION BONUS?
He recognition bonus ONP 2023 Its main beneficiaries are all Peruvians who have migrated since 2002 from the ONP to the AFPafter doing the corresponding procedure.
In this sense, it is understood that those who are beneficiaries of the other bonds (1992, 1996 and 2001), clearly, will not access this new recognition bonus.
On the other hand, it is estimated that approximately 1.96 million affiliates contributing to the ONP they could migrate to the Private Pension System (SPP), with a fiscal cost of S/ 29,576 million.
It is important to note that the rule was debated in Congress and caused a great debate about the harsh consequences that this new measure could cause.
ABOUT THE RECOGNITION BONUS FOR ONP CONTRIBUTORS WHO MIGRATED TO THE AFP
The norm approved by the Congress in which a recognition bond is defined for the contributors of the ONP who migrated to the AFP since 2002 has created great suspicion in public opinion and has motivated the pronouncement of the Social Security Standardization Office.
With the approval of 86 congressmen — 7 votes against and 14 abstentions — they gave the green light to the text that benefits those who migrated to the AFP from the ONPso that they do not lose their contributions, since the current regulations had a cutoff in 2001.
The controversy arose with regard to the fact that, according to what was stated by Rosangella Barbarán, president of the Economic Commission of Congress; The measure will also reach those citizens who decide in a few years to switch to the private system.
For her part, the ONP has spoken through a press release in which it states that “the approval of the new recognition bond seriously jeopardizes the sustainability of the National Pension System (SNP), because it will promote a massive migration of contributors to the Private System of Pensions (SPP) and the delivery of said economic benefit will demand a fiscal cost of more than S/ 40,000 million”.
The entity also recalled that “currently with the payment of contributions from affiliates it is not possible to cover the payment of the monthly pension payroll” and that “the approval of this new recognition bond will aggravate this financial imbalance because it is estimated that around 4.6 million affiliates could stop contributing”.
WHAT IS THE ONP?
The Pension Standardization Officeor also known as the ONPis a decentralized public institution of the Ministry of Economy and Finance and its mission is to guide its efforts to achieve the well-being of retirees through friendly and fair treatment, using efficient processes and high quality standards.
The ONP It has its own funds and assets, functional, administrative, technical, economic and financial autonomy, constituting a budget statement.
Among the functions of the ONP is to recognize, declare, qualify, verify, grant, liquidate and pay pension rights in accordance with the law, of the pension systems that are entrusted or have been entrusted, keep informed and guide the mandatory and optional insured, on the rights and requirements for access a pension and other pension benefits within its jurisdiction, keep accounting records and prepare the financial statements corresponding to the pension systems under its responsibility and the funds it manages, qualify, grant, liquidate and pay the right to Recognition Bonus to referred to in the Law on the Private Pension Fund Administration System, Complementary Recognition Bond and any other obligation derived from its purposes, in accordance with the law, among others.
The ONP was created by Decree Law No. 25967 of December 7, 1992, by the Government of Alberto Fujimori.
On June 1, 1994, he assumed the administration of the National Pension System.
The contribution to the National Pension System is 13%. To receive a pension, you have to make mandatory contributions for 20 years. The pension will be received until death. The minimum is S/.4151 and the maximum pension set is S/.857.36.
The ONP It is the first entity that manages to incorporate personnel under the regime of Law No. 30057, Civil Service Law, marking a milestone for this reform whose objective is to comprehensively modernize the public administration in Peru. In 2008 their queries are made from their website.
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