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The general manager of the AFP Association, Fernando Larrain, reported that from next Monday at 09:00 in the morning all contributors They can make their request to make the second withdrawal of 10%.
“The pension fund managers We are prepared so that from Monday, December 7, we can begin an agile withdrawal process, informed, simple and digital for those who request it. This is a simultaneous operation for more than nine million members of the pension system“said Larraín.
“We expect it to be as efficient as the first withdrawal, with a large number of requests within the first few days and with quick solution of the problems that arose in very particular cases“added the representative.
“It is important to insist that given the context of the pandemic in which we are, has designed a process that is 100% digital -Larraín emphasized- It does not require a password and it is not necessary to go to the branches.
“Payment is made up to the first 10 business days since the request was entered, not since the request was approved“Larraín told Cooperativa.
The conditions of the withdrawal
Through a document, the AFP Association reported that “Withdrawal requests may be processed once the law is published in the Official Gazette (It is estimated as of Monday, December 7) and for a period of one year“.
“Once the request has been entered, the AFPs They will have 4 days to confirm the approval of the application. In case it is rejected (mainly due to an error in the data entry), a new request may be made“adds the text.
The characteristic of the withdrawal is “universal with a minimum withdrawal amount of 35 UF (approximately $ 1,000,000) and a maximum of 150 UF (approximately $ 4,300,000) and a one-year term to request it. It is not necessary to have processed the first withdrawal to access the second withdrawal. Also, consider the tax payment for the highest incomes (from $ 1.5 million monthly rent) “.
Payment will be made “in two installments“, the first in a”maximum period of 10 business days from the entry of the request; the second, within a maximum period of 10 business days from the first payment “. In the event that a request is made to withdraw an amount less than or equal to 35 UF, the funds will be received in a single payment “also within a maximum period of 10 business days“.
FUNDS WITHDRAWAL PROCESS by Cooperativa.cl on Scribd
