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The withdrawal of the 10% fund from the AFPs was highly successful, due to the demand for requests that the insurers had on their different platforms, and that also showed a slight rebound in the economy in the crisis period.
Because of this, Deputy Pamela Jiles is promoting a new project to allow a second withdrawal of funds from the AFPs. Of course, with different conditions than the first time.
What are the new conditions and requirements to obtain the aid?
The requirements to request the second withdrawal of funds would remain the same as the first, according to the progress of the project so far. All people who hold funds in the AFPs could make the withdrawal effective, and people with less than 10 million pesos in their accounts can get a maximum of 1 million.
What will change are the conditions: this time the benefit would have the obligation to return the requested amount within an indefinite period of time. The delivery would be made in a single installment, regardless of the amount.
In addition, the process to request the withdrawal would not have an established time limit, like the first one that is a year old, so it would be a permanent benefit.
