The Senate chamber approved by 15 votes in favor the report of the Joint Commission that proposed the form and way to resolve the discrepancies raised between the two Chambers for the motion that modifies the decree law No. 3,500, of 1980 hat establishes New System of Pensions, in order to eliminate the benefit enjoyed by the AFPs in the interest of the social security contributions owed.

This happened after the deputies on June 8 had already done the same, supporting unanimously the project that eliminate the benefit which today has the Pension Fund Administrators, in respect of the interest generated by the employers ‘delay in the payment of their employees’ pension contributions since it is clear from all justice that the integrity of the interests belongs to the member and not to the administrator.

In the opinion of Senator Carolina Goic, the main thing is that now the amount in question will be paid to the capitalization of the affiliates and highlighted the constant participation of the author of the project, deputy Alejandra Sepúlveda.

Meanwhile, Senator Hernán Larraín shared the goals of the motion and valued the transitory article that allows those collections that had been made before and that do not have a final sentence, are only expectations; Then, “what is not settled by the courts must remain in the accounts of the affiliates.”

Among the provisions of the standard are:

– It provides that the adjustments and interest deriving from the collection of social security contributions due, including their surcharges, will be paid together with the value of the contributions in the individual capitalization account of the member, limiting only to the costs of collection that have been obtained, The benefit that will correspond to the respective pension fund administrator.

At present, AFP benefit is up to 20% of the interest accrued by the contributions owed to workers.

– The provisions of this project shall apply to all interest, including surcharges, that are accrued and not paid, except for those that, at the date of its entry into force, are in judicial collection, In those cases the period for lodging exceptions has elapsed without the executor having done so or that, having opposed them, they have been rejected.