The return of contributions to the former AFPs (Pension Fund Administrators) in Bolivia has become a central issue, both for Bolivians and foreigners. The main reason is that they worked and contributed for some time to the pension system which, since May 2023, has become administered by the Bolivian State through an institution called Gestora Pública
According to the company Planifica, by law both foreigners and Bolivians, whether they live in Bolivia or not, can request the return of the money they contributed during their working life in Bolivia. It is a right that can be requested by meeting the current requirements.
How to process the return of contributions to the former AFPs in Bolivia, through the Gestora Pública
How to process the refund of contributions to the AFPs in Bolivia
Planifica is a company specialized in Social Security in Bolivia. With more than 23 years of experience, they have helped thousands of people understand and benefit from their social security rights. Today, they are focused on helping people take advantage of the capital accumulated during the time they contributed to the AFPs.
They affirm that the capital accumulated in the individual accounts of foreigners or nationals who worked in Bolivia is now a considerable saved capital. Holders of these individual accounts can claim their refund, regardless of the country in which they currently live. To achieve this, it is necessary to manage a procedure with the Gestora Pública, which can be cumbersome if the process is not fully understood.
At Planifica they believe that it is necessary to seek advice to process the return of contributions to the AFPs in Bolivia. Laura Lozano and David Villarreal, partners of the company, warn that the requirements must be met. These are basically two: being at least 58 years old and not having paid more than 119 contributions.
This is the process carried out by Planifica
When a person abroad (Bolivian or not) wishes to withdraw their contributions to the AFP and Gestora Pública, they contact Planifica through its website, present their case, after which the firm's team begins an analysis. The objective is to determine if the applicant's request is appropriate or if it is economically advisable for the owner.
They point out that the State, which now exclusively administers the pension system, is very strict in meeting the requirements. If the applicant meets all of them, the second stage of Planifica's work is to provide advice and support. Responsible and serious advice guarantees that the person can recover the money they worked hard to earn as soon as possible.
Planifica has attended to the procedures of hundreds of people who now recommend its services. His services have been particularly beneficial for hundreds of Argentines, Peruvians, North Americans, Europeans and Chileans who have worked in Bolivia. Everything is managed efficiently and confidentially to ensure the security of privileged information.
