AFP Association ruled out committing to second 10% payment on December 17



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This Friday President Sebastián Piñera promulgated the bill presented by the Executive and allows a unique and extraordinary withdrawal of pension funds.

“(…) An expedited process of promulgation, which we are doing today, of taking reason by the Comptroller’s Office and publication in the Official Gazette, the purpose of allowing the first retreats to start on Thursday, December 17, a week before Christmas, “said the president.

And since the most desired part of the news was the date of payment, it must be clear that December 7 is the key date on which the withdrawal request can be made under the stipulated terms.

However, the president of the AFP Association (AAFP), Fernando Larrain, indicated that the maximum term to make said payment – having made the request on December 7 – is 10 business days: the December 22th.

Read also: Deadlines, amounts and more: 5 questions and answers about the second 10% withdrawal

“The law is very clear. Effectively entered the application on Monday, December 7, the 10 business days is December 22. That does not mean that some payments can be made earlier, but it must be remembered that the Central Bank and others commented on some issues regarding liquidity“Said Larraín.

In this way, the president of the AAFP explained that it is possible that some administrators can deliver the money before the deadline, but that anyway This cap exists due to the processes that must be carried out before delivering these amounts to millions of Chileans.

“If some can do it early, they will. But I cannot commit that the payment will be on the 15th, 16th or 17th. What is clear that we can meet is that the deadline for those who make the request on December 7 is Tuesday, December 22, “added Larraín.

To this he added that “you will not be able to pay all the same day” for matters related to the banking bureaucracy. “I can’t anticipate that the people who apply on the 7th will all have it on December 17th“He added.

Check the statement of the AFP Association:



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