You can still change your AFP commission
Posted: Tue Jan 07, 2025 5:04 am
November 30 is the deadline for former members to migrate to the new administration fee in the private system: discount on the accumulated fund.
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If you are in the group of those who at the beginning of this year opted to remain under the AFP commission deducted from salary (also called flow-based), but have changed your mind, you should know that you have until November 30 of this year to revoke your decision.
In this way, Integra indicates, it would migrate to the collection scheme created with the AFP Reform Law: the commission on the fund (called commission on balance), which consists of taking a percentage of what the affiliate has accumulated with their contributions.
Profuturo explains that the revocation process will only be carried out once. "After November 30, workers who continued on the commission for salary will not be vietnam number screening able to change to payment on the fund," he notes.
COMPARE AND CHOOSE Prima reminds you that the charge on the flow is equivalent to a percentage of the salary. Therefore, when the AFP is charged, the remuneration decreases, but not the fund.
This type of payment will only be effective each time the member makes a contribution. In contrast, the new type of commission is equivalent to a percentage of the new fund generated with the contributions, plus its profitability. If the member does not work, it will still be deducted.
Since the Superintendency of Banking, Insurance and AFP (SBS) has decided that the change to this payment method will be temporary, for a period of 10 years the new commission will be made up of a percentage of salary discount and another percentage on the fund (mixed commission).
If you are interested in migrating to this payment method, you should know that you can do so at the offices of your administrator or by certified mail. Only Prima also has the email option.
Image
If you are in the group of those who at the beginning of this year opted to remain under the AFP commission deducted from salary (also called flow-based), but have changed your mind, you should know that you have until November 30 of this year to revoke your decision.
In this way, Integra indicates, it would migrate to the collection scheme created with the AFP Reform Law: the commission on the fund (called commission on balance), which consists of taking a percentage of what the affiliate has accumulated with their contributions.
Profuturo explains that the revocation process will only be carried out once. "After November 30, workers who continued on the commission for salary will not be vietnam number screening able to change to payment on the fund," he notes.
COMPARE AND CHOOSE Prima reminds you that the charge on the flow is equivalent to a percentage of the salary. Therefore, when the AFP is charged, the remuneration decreases, but not the fund.
This type of payment will only be effective each time the member makes a contribution. In contrast, the new type of commission is equivalent to a percentage of the new fund generated with the contributions, plus its profitability. If the member does not work, it will still be deducted.
Since the Superintendency of Banking, Insurance and AFP (SBS) has decided that the change to this payment method will be temporary, for a period of 10 years the new commission will be made up of a percentage of salary discount and another percentage on the fund (mixed commission).
If you are interested in migrating to this payment method, you should know that you can do so at the offices of your administrator or by certified mail. Only Prima also has the email option.