The CRPs paid in August have already been deposited with the DCV

The Fondo Autónomo de Protección Previsional completed the first registration with the Depósito Central de Valores (DCV) of the Contributions with Guaranteed Returns (CRP) paid during August 2026, the month in which this employer-funded contribution—which is part of the Social Security Pension System created by the Pension Reform—began.

Starting last month, 0.9% of the employer’s contribution is allocated to the CRP, and these amounts will be recorded monthly in the member’s name in the Fondo Autónomo de Protección Previsional (as a Pension Security Bond, which is held in custody by the DCV). It is owned by the worker, is non-transferable and exempt from seizure, is backed by a government guarantee, and is denominated in UF. Additionally, it earns a fixed interest rate determined at the time each contribution is made, and upon retirement, these contributions will help supplement the pension (along with the corresponding adjustments and interest).

Starting with the August 2027 payroll, the CRP rate will increase from the initial 0.9% to 1.5%, following the phased schedule established by the Reform. Members can review these contribution rates in the “My Fund” section of the website www.fapp.cl. Rates received in September will be recorded and published on the website in early October.

After the Protected-Return Contribution (CRP) is registered with the DCV, participants will be able to view their personal information through the Autonomous Fund’s institutional portal www.fapp.cl, in the “My Fund” section. Using their ClaveÚnica, they can check their accumulated balance and the interest adjustments for each CRP, as well as download various certificates. The information will be updated monthly; therefore, contributions paid in September will be recorded in the DCV and published on the website in early October.

“This first registration of Contributions with Protected Returns in the Central Securities Depository marks an important step in the implementation and safeguarding of these contributions made by employers on behalf of their employees. It has been a year of work, in collaboration with the DCV team, to ensure that custody is carried out flawlessly, providing guarantees to the entire pension system. We will continue working in this direction, fulfilling our mandate to efficiently manage Social Security pension resources and helping to improve pensions for the country’s workers”, said Sergio Soto, executive director of the Fondo Autónomo de Protección Previsional.

Rodrigo Roblero, The general manager of DCV added that “the Pension Reform represents the most significant overhaul of the pension system in decades, and as DCV, we are among the institutions making its implementation possible by providing the necessary infrastructure as required by law”. Along these lines, he added that “the DCV was able to make the necessary adjustments and technological adaptations to meet the project’s requirements in a timely manner. This consolidates our role as a strategic partner and demonstrates our commitment to providing robust solutions for the development of the financial market and its needs.”

This important milestone was highlighted during a meeting between the two institutions. Representing the Autonomous Fund, in addition to Sergio Soto, were Matías Morales, Director of Technology and Data; José Luis Silva, Director of Administration and Operations; and Diego Kother, Director of Legal and Institutional Affairs. Representing the DCV, in addition to Rodrigo Roblero, were Javier Jara, Manager of Product and Business Development; Guillermo Toro, Manager of Technology and Cybersecurity; and Claudio Garín, Commercial and Customer Experience Manager at the DCV.

About the Autonomous Fund and Its Administrator

The Fondo Autónomo de Protección Previsional und was established by Law No. 21,735 and is intended to finance benefits through contributory components and gender gap supplements under the Social Security Pension System (Benefit Based on Years of Contributions, Contributions with Protected Returns, Compensation for Women for Life Expectancy Differences, and Disability and Survivor Insurance).

The Fund is administered by an autonomous, technical agency with legal personality and its own assets, known as the Administrator of the Fondo Autónomo de Protección Previsional, which reports to the President of the Republic through the Ministry of the Treasury. Its legal mandate is to manage and invest the Fund’s resources, ensuring the maximization of the Fund’s long-term returns, subject to appropriate levels of risk. The Fund and its administrator began operations on August 1, 2025.