SBS Resolution No. 1120-2026: Approves Operational Regulation for Retirement Pensions to Fishing Workers in the Private Pension System and Complementary Rescue Pension

Los Laureles No. 214 - Lima 27 - Peru Tel.: (511)6309000 Lima, April 15, 2026 SBS Resolution No. 01120-2026 The Superintendent of Banks, Insurance and Private Pension Fund Administrators CONSIDERING:
That, through Law No. 30003, the law regulating the special social security regime for fishing workers and pensioners was approved; That, through Supreme Decree No. 007-2014-EF, the Regulation of Law No. 30003 (hereinafter, the Regulation) was approved, establishing the regulatory framework under which said special social security regime shall operate; That, Article 34 of the Regulation provides that the Superintendent, in coordination with the Pension Normalization Office (ONP), shall approve the operational regulation for granting the Complementary Rescue Pension (PRC); That, subsequently, through Supreme Decree No. 289-2017-EF, various amendments were made to the Regulation of Law, related to the characteristics of fishing workers' contributions, calculation of retirement pensions in the Private Pension System (SPP), conditions for accessing the Complementary Rescue Pension (PRC), among others; That, through Supreme Decree No. 024-2025-EF, the Regulation of Law was amended, establishing, in addition to the minimum age, requirements of a minimum of twenty-five (25) years of effective work in fishing and three hundred seventy-five (375) contribution weeks as a fishing worker for access to a pension in the SPP; That, in this sense, it is necessary to issue operational provisions that allow the exercise of the stated rights and benefits, insofar as applicable to the SPP; That, to gather public opinions regarding proposed amendments to SPP regulations, the Superintendent through SBS Resolution No. 4130-2025 ordered the publication of the regulatory project on the matter, on the Superintendent's electronic portal, in accordance with the Thirty-Second Final and Complementary Provision of the General Law, as well as Supreme Decree No. 009-2024-JUS; With the approval of the Adjunct Superintendencies for Pensions and for Regulation and Legal Affairs; and,

Los Laureles No. 214 - Lima 27 - Peru Tel.: (511)6309000 In exercise of the powers conferred by paragraph 9 of Article 349 of the General Law of the Financial and Insurance Systems and Organic Law of the Superintendency of Banks and Insurance, Law No. 26702 and its amendments, and subsection d) of Article 57 of the Consolidated Text of the Law on Private Administration of Pension Funds, approved by Supreme Decree No. 054-97-EF; RESOLVES:
Article One - Approves the Operational Regulation for granting Retirement Pensions to fishing workers in the Private Pension System (SPP), and the Complementary Rescue Pension (PRC) for SPP affiliates belonging to the Special Social Security Regime for fishing workers and pensioners, as referred to in Law No. 30003, its Regulation approved by Supreme Decree No. 007-2014-EF and its amendments, as follows:
“OPERATIONAL REGULATION FOR GRANTING RETIREMENT PENSIONS TO FISHING WORKERS IN THE SPP, AND THE COMPLEMENTARY RESCUE PENSION (PRC) FOR SPP AFFILIATES BELONGING TO THE SPECIAL SOCIAL SECURITY REGIME FOR FISHING WORKERS AND PENSIONERS
CHAPTER I
GENERAL PROVISIONS
Article 1. Scope.
This operational regulation establishes the procedures applicable regarding the granting of Retirement Pensions to fishing workers in the SPP; and the Complementary Rescue Pension referred to in Articles 33 and 34 of Supreme Decree No. 007-2014-EF and its amendments, which regulates the Special Social Security Regime for fishing workers.
Article 2. Definitions.
For the purposes of procedures carried out under this Operational Regulation, in accordance with Article 3 of the Law's Regulation, the following definitions are used:
a) Employer: The employer of fishing workers referred to in Article 3 of the Law. b) CBSSP: Fishermen's Benefits and Social Security Fund, in dissolution and liquidation. c) CIC: Individual Capitalization Account. d) Days: business days, unless expressly indicated otherwise. e) FMA: Fund Administrating Companies, which may be Private Pension Fund Administrators (AFP) and Financial System Companies (ESF) indicated in subsections A, C, and D of Article 16 of Law No. 26702, General Law of the Financial and Insurance Systems and Organic Law of the Superintendency of Banks and Insurance, and its amendments. f) Law: Law No. 30003 regulating the Special Social Security Regime for Fishing Workers and Pensioners and its amendments. g) ONP: Pension Normalization Office. h) PRC: Complementary Rescue Pension. i) Regulation of the Law: Regulation of Law No. 30003, approved by Supreme Decree No. 007-2014-EF and its amendments. j) Insurable Remuneration: The sum of all income received by the fishing worker, including their share in captured fish and specialty bonuses. k) SBS: Superintendent of Banks, Insurance and Private Pension Fund Administrators. l) Contribution week: A period of seven consecutive calendar days in which a fishing worker performed fishing or related activities on one or more calendar days, except for the first and last week of each year, in which the contribution week may have fewer calendar days. m) SPP: Private System for Administration of Pension Funds. n) Fishing Worker: Employee working under a dependent relationship with the employer, and who is registered in the registry referred to in Article 5 of the Law.
CHAPTER II
APPLICATION FOR RETIREMENT PENSION TO FISHING WORKERS IN THE SPP
Article 3. Scope of application.
3.1 This chapter regulates the application procedure for retirement pensions for fishing workers referred to in subsections b) and c) of Article 7 of the Law, and new fishing workers who have affiliated with the SPP. A fishing worker is considered new when they do not belong to any of the lists referred to in Article 7 of the Law and affiliate with the SPP from the effective date of the Law.
3.2 This procedure also applies to workers who, having been affiliated with the SPP before or after the effective date of the Law, make contributions as fishing workers to the SPP under the scope of the Law.
Article 4. Requirements.
4.1 The requirements to access this special retirement regime are:
i) Be workers covered by Article 3 of this Regulation, who are fifty-five (55) years old on the date of submitting the pension application; ii) Prove having a minimum of twenty-five (25) years of effective work in fishing between the CBSSP and the SPP; iii) Prove three hundred seventy-five (375) contribution weeks as a fishing worker between the CBSSP and the SPP, with contributions made based on the Minimum Vital Remuneration in effect at each time.
4.2 The retirement pension application submitted by fishing workers in the SPP to the FMA must contain an identification element that establishes it corresponds to the “Special Social Security Regime for Fishing Workers and Pensioners - Law No. 30003”. Likewise, affiliates under this regime may process the Recognition Bonus (BdR) application, in accordance with current regulations.
4.3 The FMA must adhere to the deadlines, conditions, and characteristics of procedures established for determining access to withdrawal and/or pension options referred to in SPP regulations, verifying that the affiliate meets the requirements set forth in paragraph 4.1 of this article.
4.4 The FMA must allocate to the payment of the fishing worker's retirement pension, resources accumulated by the affiliate in their CIC whether made as a fishing worker or not, the returns generated by them, the redemption value of the BdR, if applicable, as well as voluntary contributions with pension purposes made even by the employer, if applicable.
4.5 The FMA must guide affiliates regarding the requirements and conditions to access a PRC, so that they may process said benefit, if applicable.
4.6 Once the fishing worker signs the corresponding pension application, they may opt for the withdrawal of their voluntary contributions with pension purposes (AVCFP), in accordance with the Annex set forth in Article 33 of the Law's Regulation and, where applicable, complying with regulations on voluntary contributions contained in Title V of the Compilation of Regulatory Rules of the Superintendent for the Private Administration of Pension Funds, approved by Resolution No. 232-98-EF/SAFP and its amendments, regarding Affiliation and Contributions.
CHAPTER III
PROCEDURE FOR GRANTING THE COMPLEMENTARY RESCUE PENSION (PRC)
Article 5. Requirements to access the PRC.
5.1 Fishing workers affiliated with the SPP who meet the following requirements may apply for and access the PRC:
i) Be identified in the lists referred to in subsections b) and c) of Article 7 of the Law. ii) Meet the requirements set forth in Article 33 of the Law's Regulation. iii) Not have disposed of CIC resources, for:
a. Pension surplus, referred to in Article 9 of Title VII of the Compilation of Regulatory Rules of the Private Administration of Pension Funds, regarding Benefits. b. Fund transfers abroad, within the framework of Law No. 27883 and its regulations.
c. Partial return of mandatory CIC contributions referred to in Law No. 29426.
d. Delivery of resources under Laws No. 30425 or 30478. e. Withdrawal of extraordinary and discretionary funds under Urgency Decrees No. 034-2020, 038-2020, Laws No. 31017, 31068, 31192, 31478, 32002 and other similar provisions.
However, if affiliates disposed of their CIC resources as provided in subsection f) of Article 33 of the Law's Regulation, they may reconstitute the account expressed in installments, at the installment value recorded on that date, to access benefits provided by the Law. iv) Not be registered in the Special Pension Regime for Fishing Workers.
5.2 Likewise, if a fishing worker is receiving a pension under the Programmed Withdrawal modality, they may withdraw the CIC balance under options set forth in Laws No. 30425 and 30478.
However, by exercising this choice, they invalidate their application or access to the PRC.
Article 6. Submission of the PRC Application in the SPP.
6.1 When signing the retirement pension application for fishing workers in the SPP, the affiliate may request access to the PRC, presenting to the FMA:
i) The PRC application according to the format approved in the Law's Regulation. ii) Supporting documentation proving beneficiary status, as established in Article 44 of Title VII of the Compilation of Regulatory Rules of the SPP regarding Benefits. iii) Sworn Statement certifying that CIC resources have not been disposed of, for the concepts set forth in subsection iii) of paragraph 5.1 of Article 5 of this Regulation.
6.2 If the affiliate, when opting for fishing retirement in the SPP, has not submitted the PRC application, it may be submitted subsequently at any time, according to the Complementary Rescue Pension Application Form – Law No. 30003 annexed to the Law's Regulation. In this circumstance, the accrual of the PRC is retroactive to the accrual of fishing retirement in the SPP.
6.3 The FMA, within a maximum of ten (10) days of receiving the application, must:
i) Verify that submitted documentation meets formalities required in Article 5 of this Regulation. Otherwise, the FMA must notify rejection to the affiliate through designated channels, returning physical documents or informing via other channels. In these cases, the FMA marks "Not compliant" in Section II.5 of the PRC application. ii) Verify that the affiliate is included in the lists referred to in subsections b) and c) of Article 7 of the Law. iii) Account for and record in the PRC Application, total contribution weeks and years of fishing work in the SPP, as well as monthly insurable remunerations received during the last five (5) years of effective fishing work, consecutive or not. The five-year period is calculated from the last month contributed as a fishing worker. iv) Transmit to the ONP information on the amount of retirement pension granted to the affiliate, so that the ONP verifies compliance with PRC granting conditions. The FMA cannot transmit the PRC file to the ONP unless the affiliate has opted for a fishing retirement pension, preliminary or definitive. The FMA also cannot transmit the PRC file regarding applications where the calculated pension under Programmed Withdrawal exceeds the maximum monthly cap set in subsection c) of Article 17 of the Law, in which case the affiliate follows the procedure applicable to a regular SPP affiliate to process current SPP pensions and/or benefits.
Article 7. Accrual of the PRC
The PRC accrues from the date of submission of Section I of the Retirement Pension Application by the worker in the SPP. However, PRC payment begins once there is no balance remaining in the affiliate's CIC.
Article 8. Transmission of PRC Applications
Within the deadline set forth in Article 6 of this Regulation, the FMA transmits to the ONP the file with documentation delivered by the affiliate, according to conditions set forth in said article. For this purpose, information must be recorded in the "Annex 3A" format, as established by Multiple Letters No. 4478-2004-SBS and No. 17716-2004-SBS or substituting provisions.
Article 9. Reception and Evaluation of PRC Granting
9.1 Any application lacking stated documentary admissibility requirements is returned by the ONP to the corresponding FMA within one (1) day, counted from the next business day after file reception, indicating the reason for return for correction within two (2) days. If the deadline passes without correction, the PRC application is considered not submitted.
9.2 Once receiving the file referred to in Article 8 of this Regulation, the ONP evaluates provisions set forth in Article 33 of the Law's Regulation within a maximum of thirty (30) days.
9.3 Once evaluated, the ONP notifies the result within a maximum of three (3) days after the deadline in the preceding paragraph, to both the FMA and the applicant, attaching the resolution with the ruling on PRC access, if applicable. The communication to the applicant must also contain:
i) Years of fishing work corresponding to the CBSSP period; ii) Years of fishing work; iii) Estimated retirement pension amount corresponding to the CBSSP; iv) Complementary Rescue Pension amount, if it is a PRC granting resolution.
9.4 The FMA, within a maximum of five (5) days of receiving the communication referred to in the preceding paragraph, must notify the affiliate, through designated channels, of administrative resources they may file, in accordance with Article 10 of this Regulation, if applicable.
Article 10. Affiliate's Dissent
The PRC applicant affiliate may file administrative resources against the ONP's ruling, through their FMA, to be resolved by the ONP. The filing and resolution of administrative resources are governed by deadlines and conditions set forth in the Consolidated Text of Law No. 27444, General Administrative Procedure Law, or substituting regulation. For this effect, in addition to information provided to the affiliate, the FMA must include information corresponding to the notification date of the ruling subject to challenge.
Article 11. Generation of PRC Payment Rolls
11.1 Following the favorable PRC granting ruling issued and notified by the ONP, the FMA must include the PRC beneficiary in the payment roll, under annex formats established in the Operational Procedure for submission and processing to access Early Retirement benefits within D.L. No. 19990 and Minimum Pension in the SPP, approved by Resolution No. 110-2003-JEFATURA/ONP or substituting regulation. In said roll, it must record:

1. Regarding pensioners corresponding to fishing workers in the SPP receiving a retirement pension, under any modality, lower than the CBSPP annualized Pension calculated by the ONP:
   a. In the "benefit type" column, "PRC" initials; in the "monthly pension" item, the difference between the fishing worker's SPP pension corresponding to the month in question, and the CBSPP annualized Pension calculated and notified by the ONP; and, when applicable, the amount of accrued PRCs in the "accrued pensions" column, with corresponding notes in the "observations" column. b. To record accrued PRC information and when original fishing SPP pension is granted in US dollars, the FMA must convert each pension –corresponding to accrued periods- at the official SBS selling exchange rate in effect at the close of the respective payment month; with, to record "monthly pension", SPP pension converted at the official SBS selling exchange rate in effect at the close of the previous month, since the roll is generated in advance.
2. Regarding pensioners who have exhausted their CIC balance receiving a fishing retirement pension referred to in Chapter II of this Regulation, preliminary or definitive under Programmed Withdrawal modality, the FMA must record as "monthly pension", the CBSPP annualized Pension and, when applicable, in the "accrued pensions" column, the amount of accrued PRCs, according to criteria in preceding paragraph, with corresponding notes in "observations" column.
   11.2 The FMA submits PRC payment rolls to the ONP, according to the deadline established in the aforementioned Operational Procedure... Said rolls must be sent separately to those corresponding to benefits under Laws No. 27252, 2761