Will the 10% arrive before Christmas? The terms of the second withdrawal of funds from the AFPs



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After the Senate approved the bill for the second withdrawal of 10% of the pension funds, The big question among those who will access the instance has to do with the dates.

During this final day in its legislative process, the deadlines were set in which the administrators must deliver the funds to those who request them when the regulation comes into force, establishing that the delivery time of the money requested by the affiliate will be 10 business days for the first installment and 10 subsequent business days for the delivery of the second installment, if the amount is greater than 35 UF.

But, for that to happen, The next step after what was dispatched by Parliament, is the promulgation by President Sebastián Piñera, a procedure that various representatives called upon the authority to carry out as soon as possible.

In any case, for that, the President has a maximum period of five days. After that, comes the taking of reason by the Comptroller General of the Republic (CGR) and, in the last step, it becomes definitely the Law of the Republic when published in the Official Gazette.

When will the second 10% withdrawal arrive?

After enactment, The management by the AFPs begins who, as in the first withdrawal, will have digital platforms to make the request.

The process must take 10 days, in the case of the first or only installment; and 20 days, to complete the amount if the request is more than 35 UF.

In this way, and after having gone through this series of instances, those who first carry out the procedure, They could be receiving their money on December 18.

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