A. M. AFP Crecer has received authorization from the Superintendency to offer institutional voluntary savings plans, providing companies with a new tool for managing employee benefits. These plans allow employers to manage incentives, bonuses and benefits for their employees, establishing specific conditions for their access and use.
This initiative seeks to facilitate the retention of talent and the closing of functional gaps in companies. Employers will be able to define clear rules on the delivery of these funds, such as the minimum time of permanence in the company or performance conditions. In the event that an employee does not meet the established requirements, the funds can be redistributed among the other participants in the plan.
From a tax perspective, employer contributions are tax deductible, which represents an additional benefit for companies. In the event that an employee retires before fulfilling the agreed conditions, the employer can choose to recover the funds or redistribute them. This level of flexibility allows companies to tailor their plans to their human resources and financial strategies.
The institutional voluntary savings model is inspired by international schemes such as the 401(k) in the United States, where both employers and employees contribute to the worker’s savings account. In this way, AFP Crecer will manage these funds within fixed-income schemes, guaranteeing security and growth for contributors.
With this authorization, AFP Crecer plans to manage around US$16 million in voluntary savings by the end of 2025. The company reaffirms its commitment to innovation in labor benefits and financial soundness, offering companies new options to strengthen their relationship with their employees through strategic savings plans.
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