I just read this article titled “Are you a member of an AFP? Learn about the payments you can receive in May if you are a contributor.” Basically, if you’re a member of a Chilean pension fund, you might be eligible to receive a payout in May. If you paid into your account for at least 24 months before July 2020, you’re entitled to a partial withdrawal of up to 10%. This is great news for people who might need a little extra cash right now.
I actually have some personal experience with this. I used to live in Chile and was a member of an AFP. I remember feeling frustrated because I didn’t really understand how it all worked, or what my options were. So if you’re feeling confused too, don’t worry! The article breaks it down pretty clearly.
Overall, it’s important to know what options are available to you when it comes to your pension fund. It can be easy to put it off and assume you’ll figure it out later, but taking the time to learn about it now can pay off in the long run. Who knows, you might even be eligible for a payout!
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