Steps and Requirements to Retire in Peru

• If it’s about JOrdi Early Retirementnaria, the applicant can obtain it before the age of 65, as long as the totality of his Individual Capitalization Account (CIC) is sufficient to offer him a pension equal to or greater than 40% of the average income received and declared during the last 120 years. months prior to the date of the retirement application.
  

In addition, it must be updated by the Consumer Price Index; the Recognition Bonus would be included, if that were the case.

Another condition is to have made contributions for a minimum of 72 months in relation to the income received or declared income of the last 120 months prior to the month in which the application is submitted.

• On the other hand, regarding the Early Retirement due to Unemployment, The insured must be unemployed for 12 months or more, consecutively and uninterruptedly, in addition to the fact that the period of unemployment must correspond to the month prior to the date of filing the application.

In relation to age, women from 50 years of age and men from 55 years of age, in both cases under 65 years of age. In addition, the pension calculated in the AFP must be greater than or equal to the Minimum Vital Remuneration (S/.930 in force as of 2018.).

• If you want to opt for the Early Retirement Law No. 19990 the affiliate must be under 65 years of age and have entered the Private Pension System before January 2, 2002.

Also, if the worker works in a high-risk place, they can request the Early Retirement for Risk Labor Workers.

• Valid DNI, document or Affidavit that validates the employment relationship and the addresses where the employer’s payroll books are located; If the address does not match the DNI, a receipt or Affidavit must be attached to validate it.

• The sealed and signed pension application, simple copy of the current identity document, simple copy of those documents that prove the income received in the previous 120 months;
• Affidavit of not having the right to a minimum pension (if applicable), document that validates the condition of potential beneficiaries of the affiliate and signed Affidavit of Exchange of Funds.

• 1.-Presentation of application and receipt of documents

  Do you consider that you meet the conditions and requirements to retire? Then do not wait any longer and go to any of the 32 ONP Service Centers located throughout the national territory and present all the necessary documents to validate your employment relationship;

Such as job letters, pay stubs, settlement of social benefits, among others. Then, they will be assigned an appointment to verify documents, do timely follow-up and validate compliance with the requirements according to the Single Text of Administrative Procedure (TUPA).

• 2.-Analysis of the information

  In this step, compliance with all the necessary precautions to process the application corresponding to the pension right will be validated.

On the contrary, if the situation of not having any evidence of the contributions declared in your application arises, a visit to the indicated institutions or entities will be scheduled to corroborate said contributions.

• 3.-Accreditation of contributions

  Here the accreditation of the contributions that have the support according to the Law will be proceeded.

• 4.-Evaluation of the right and qualification of the file

  In this step, it will be determined whether or not the requirements to be entitled to the pension are met through the evaluation of the documentation presented by the insured and that obtained in the administrative process, all carried out by a team of specialized assessors.

Depending on the result obtained from the analysis, the file will be qualified, generating and signing the resulting documents.

• 5.-Sending the result to the administrator

  Once all the documentation has been evaluated, the insured will be sent via email all the documents generated in the previous stage, correctly signed and sealed by the ONP.

Through this email, it will be determined whether or not the citizen is entitled to the requested pension. In the event of not being able to send the documents to the member, they will be delivered to the ONP Service Center closest to the member’s home and the person must look for them within a period of no more than 30 business days.

If the insured does not proceed to withdraw their results, they will be published in the official newspaper called «El Peruano» and in one with national circulation.

• 6.-Payment programming

  If the insured’s right to a pension is recognized, the payment will be scheduled by the Benefits Office of the ONP. Finally, the file will be archived and the applicant’s status will be changed to pensioner, thus completing the process.

On the other hand, if you chose to retire through the Private Pension System (SPP)at the time of requesting your right you will receive a Certificate of Estimate of Retirement and/or Pension Options, then you will need to complete these steps according to regular pension scheme:

• 1.-Pension Application

  The first step to take is to sign the Retirement Application. If the account is incomplete or you do not have the documents that allow you to prove your beneficiaries, you can request a preliminary pension.

• 2.-Conformity

  Here you will be informed within a period of 5 to 8 business days if the request was accepted or rejected, as well as if you access the Pension Surplus.

• 3.-Request for Quotations

  If it was accepted, it will proceed to request the calculation of the payment according to the type of pension.

• 4.-Presentation of Quotations

  Approximately 7 business days after requesting the contributions, an offer will be received from the SPP indicating the calculations of the aforementioned pension modalities.

• 5.-Choice of Modality

  Once the most appropriate type of pension for the applicant has been chosen, the process will be completed. 1.-

• 6.-Pension Payment

  Finally, 15 business days after having chosen the modality, the payment of the retroactive pension will be received to the month in which the application was submitted or from the last payment of the preliminary pension.

• 1.-Present the Retirement Application (mentioned in the previous modality), consigning the documents of the applicant’s family group and those that demonstrate compliance with the requirements.
• 2.-passing by 10 working daysyou will be told if the attached receipts are correct or not.
• 3.-Later, the Superintendence of Banking, Insurance and AFP (SBS) The request must be approved and forwarded to the Pension Standardization Office (ONP).

This step has a period of 90 days from the submission of the application.

• 4.-The ONP will determine approximately 90 days after receiving the documents whether or not the insured is entitled to the Complementary Bonus and its value by means of a resolution.

If the applicant does not agree with the decision of the entity, he can appeal.

• 5.-The following month after signing the final opinion, the applicant will receive payment of your pension retroactive to the date on which the application was submitted.

• The National Pension System (SNP) It is a benefit created by Decree Law No. 19990 on May 1, 1973, which a citizen receives at the end of his working life once he reaches 65 years of age, as long as he has contributed in a period greater than 20 years 13% of their monthly income to the aforementioned system.

• On the contrary, the SPrivate Pension System (SPP) It was created on December 6, 1992 by the Government through Decree Law No. 25897 as an alternative to the pension regimes administered by the State.

• Applicants must go to any of the ONP Service Centers with the following required documents:

• Present the valid DNI and in case of being a foreigner, present a legible copy of the immigration card or, failing that, the applicant’s passport.
• In the case of submitting the application by a third party, a General Power of Attorney or a Special Power of Attorney must be consigned if the attorney is also authorized to sign Affidavits. In both cases, the ID of the attorney and the principal must be shown. Foreigners simply must present a legible copy of their passport or immigration card.
• Submit any type of document that proves the employment relationship and the address(es) where the employer’s payroll books are located (if known).

• Letter of work, as long as it is endorsed and signed by the person who is authorized.
• Remuneration payment slips with name, position and legible signature of the person signing it.
• Proof of contributions from ORCINEA, IPSS or EsSalud.
• Copy of payroll books.

• If you are a medical insured, you must collect a simple legible copy of the resolution for registration or recovery of your medical condition (as long as it has not been issued by ONP) and proof of payment that reflects the contributions made.
• If the declared address does not match the one that appears on the DNI, a copy of the payment receipt for any public service and/or Affidavit must be attached.
• If it is a disabled person, they must be registered in the National Registry of Persons with Disabilities under CONADIS and record the Certificate of Disability.

• Be incorporated into the National Pension System.
• Men must have lent between 15 and 30 years of service.
• Women must have provided between 12 ½ to 25 years of service.

• Between 2-10% of the remuneration by reference for the spouse, and between 2-5% for each child, as long as it does not exceed S/857.36. It is important to note that the ONP will evaluate each case periodically to verify the continuity of the condition.n invalid.

• Signed and stamped Pension Application.
• Simple copy of the valid identity document
• Simple copy of those documents that prove the income received in the previous 120 months, to calculate the pension surplus.
• Affidavit of not having the right to a minimum pension, if applicable.
• Document evidencing the condition of potential beneficiaries of the member.
• Affidavit of Exchange of Funds signed.

• Signed and stamped Pension Application
• Simple copy of the valid identity document
• Simple copy of the documents that validate the income received in the last 120 months prior to the presentation of the application that are not registered in the SPP.
• Document evidencing the condition of potential beneficiaries of the member.

• Signed and stamped Pension Application
• Simple copy of the valid identity document
• Simple copy of the documents that validate the income received in the last 120 months prior to the presentation of the application that are not registered in the SPP.
• Document evidencing the condition of potential beneficiaries of the member.
• Affidavit that validates the applicant’s status as unemployed, correctly signed.

• Signed and stamped Pension Application.
• Simple copy of the valid identity document.
• Simple copy of the documents that prove the years of contribution to the SNP, to access an early retirement pension according to DL 19990.
• Affidavit of Contributions of the Affiliate to the SNP signed.
• Simple copy of those documents that validate the income received for up to 60 consecutive months, immediately prior to the last month of contribution registered in the SPP.
• Document or Affidavit where the domicile is validated.
• Document evidencing the condition of potential beneficiaries of the member.

• The beneficiaries of this type of retirement are those workers who work in any of the following activities:

• Underground mining extraction.
• Open pit mining.
• In mining, metallurgical and steel production centers exposed to risks of toxicity, danger and unhealthiness.
• Civil construction activities.