Flexibility in pension fund withdrawals: Will it be possible to request amounts lower than the approved 4 UITs?

The Economy Commission of the Congress of the Republic has approved a report that could allow members of the AFPs to withdraw from their pension funds up to an equivalent of 4 Tax Units (UIT), which is about S/ 20,600. However, a question arises regarding whether this bill would also allow members to withdraw amounts lower than the 4 UIT permitted. According to the wording of the report, it states that the withdrawal can be "up to the amount of 4 UIT", which means that members could request a withdrawal of funds for an amount lower than that established limit. This would provide some flexibility to members who do not need to withdraw the full S/ 20,600 allowed. Furthermore, the bill specifies that once the withdrawal request is submitted, the funds will be disbursed in a maximum of three installments. The first installment would be up to 1 UIT, which corresponds to about S/ 5,150, and would be made 30 days after the request is submitted. The second installment would also be up to 1 UIT, 30 days after the first disbursement. Finally, the third installment would be up to 2 UIT, that is, about S/ 10,300, and would be made 30 days after the second disbursement. This installment scheme aims to facilitate members' access to their pension funds in an organized and gradual manner, similar to what has been established in previous AFP fund withdrawals. It is important to mention that the report approved by the Congress' Economy Commission still needs to be voted on in the Plenary and then go through the Executive branch for its promulgation or observation. Therefore, the possibility of withdrawing less than 4 UIT from pension funds remains a topic under discussion that will be defined in the following legislative stages.