Peruvians will be able to switch pension systems from 2027
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Starting June 1, 2027, Peru’s Oficina de Normalización Previsional (ONP) will allow people to move between the Sistema Nacional de Pensiones (SNP) and the Sistema Privado de Pensiones (SPP).
The ONP, an agency connected to the Ministry of Economy and Finance, published regulations detailing how these transfers will work, coordinating with the Superintendencia de Banca Seguros y AFP (SBS). These rules create a framework for voluntary, informed, and transparent transitions between the two pension systems.
The new regulations establish a digital platform called the Plataforma de Afiliación Segura y Transparente (PAST) to manage all affiliation and transfer requests. Individuals can request their first transfer at any time after June 1, 2027, but anyone who moves must remain in their new system for at least 24 months before transferring again. People already receiving retirement or disability pensions will not be eligible to transfer between systems.
The SBS plans to issue further guidelines and continue working with the ONP to ensure the transfer process is secure and helps citizens make sound financial decisions about their future. This change is a step in implementing the Sistema Integral Previsional Peruano (SIPP).
