Sugerencias para la re-reforma de pensiones en el Perú

This essay proposes the need for an integral re-reform of the Peru pension system, preceded by broad social dialogue, in order to overcome this system’s major flaws. As well as a comprehensive model of re-reform, it recommends specific measures that: extend the low level of coverage of the labor force and the elderly, expand Pensión 65, guarantee the minimum pension, improve benefits, unify the national and private pension systems, increase competition and reduce the high administrative costs and profits of private pension funds (AFP), create a public AFP, strengthen financial and actuarial sustainability, raise capital returns, and shift the disability-survivors premium to employers. This proposal also favors mandatory rather than voluntary affiliation to the AFP.