Peru passes new pension law

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PERU - President Alan García Pérez yesterday passed a new law, ‘la Ley de la Libre Desafiliación de las AFP', which will enable Peruvians previously registered in the private pension system (SPP) to switch back to the state pension system (SNP).

The law will also guarantee SPP members a minimum monthly pension of S/415 (around US$130). Peru is one of 28 countries worldwide to have adopted a pensions system based on the Chilean model of ...

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