ONP a AFP | ¿Cómo cambiarme de sitema de pensiones y qué pasa con mis aportes?

If you’re like many people today, you might be wondering about ONP and AFP pension systems in Peru, and how to switch from one to another. After all, your choice could greatly impact your future retirement income! If you’re considering a change, there are several things you should keep in mind.

Firstly, it’s important to understand the difference between ONP and AFP. ONP is a state-run system that is mandatory for certain professions. It’s based on a pay-as-you-go model, meaning that current workers’ contributions are used to pay current retirees. Meanwhile, AFP is a privately-run system that operates on an individual account basis. Your contributions are invested and accrue interest, and then pay out to you in retirement.

So, what happens if you want to switch from one system to another? Well, it’s not as simple as just signing up for the new system. You’ll need to meet certain eligibility criteria, and there could be fees involved. Additionally, you may lose out on benefits you would have received under your old system, so it’s important to weigh the pros and cons carefully.

Overall, this is an important topic to think about as you plan for your financial future. Whether you decide to stick with your current system or switch to a different, there are many factors to consider. By staying informed and making informed decisions, you can help ensure that your retirement years are happy and financially secure.