Peru Court Scraps Law Allowing Withdrawals from State-run Pension System

The court said in a statement that it had voted unanimously to overturn the law, calling it “unconstitutional.”

RIO DE JANEIRO, BRAZIL - On Thursday, February 4th, Peru’s Constitutional Court tossed out a law that would have allowed partial withdrawals of savings by citizens enrolled with state pension fund, a measure that had prompted fierce opposition from interim President Francisco Sagasti.

The court said in a statement that it had voted unanimously to overturn the law, calling it “unconstitutional.”

The law passed by opposition members of Congress in December, intended as a lifeline for . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?