Bill proposes allocating surplus profits to workers’ retirement fund

The law would apply to companies that generate third-category income.

The bill to modify the regulations on companies that generate third-category sales, presented by Congressman Jorge Coayla, proposes allocating the surplus from profit payments to the workers’ retirement fund.

Coayla’s proposal from the Magisterial Bloc seeks to change the second paragraph of literal b) of article 2 of Legislative Decree 892. This decree regulates the right of workers to participate in the profits of companies that generate third-category income.

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Project details:

The project, which is located in the Economic Commission of the Congressindicates that the remainder of the distribution of profits will be shared among all the company’s workers. This value will be distributed in the form of remuneration or proportionally.

The initiative establishes that this amount will be deposited in the retirement fund of each worker, if they are in the National Pension System, administered by the Office of Pension Standardization (ONP).

If the worker belongs to the Private Pension System, the amount will be deposited into his or her individual capitalization account (CIC).

“The same contributions will be made in the case of workers who have not received the maximum of 18 salaries from the same company for whatever reason,” the proposal adds.

Objective of the project:

The project seeks to improve the retirement fund for employees of these companies. “Knowing that current pensions are very low, due to a lack of sufficient contributions or funds in the calculation of their pensions,” the explanatory statement explains.