Observation (CEACR) - adopted 1994, published 81st ILC session (1994)

Social Security (Minimum Standards) Convention, 1952 (No. 102) - Peru (Ratification: 1961)

The Committee takes note of the detailed information communicated by the Government in its report, particularly concerning the new pensions system introduced by Legislative Decree No. 25897 on the private system for the administration of pension funds (SPP) of 27 November 1992, as well as by Supreme Decrees Nos. 206-92-EF and 220-92-EF. The Committee also notes the comments of "Centro Union de Trabajadores de Perú IPSS".

The Committee takes note, in particular, that the national social security pensions system administered by the Peruvian Institute of Social Security will continue to be in effect for its present members, unless they opt to be members of the new private pensions system. It also notes that new entrants to the labour market have the option of joining one or the other of the above systems. However, the Committee notes that once they have joined a pension fund administration (AFP), the wage-earners can only rejoin the IPSS national system during a transitional period of two years after the entry into force of the new law, that is to say until 6 December 1994. Given the importance and the complexity of the questions raised regarding the implementation of the Convention by the establishment of the private system for the administration of pension funds, the Committee decided to defer the examination until the next session.