▁can ▁also ▁be ▁seen ▁as ▁a ▁method ▁of ▁forced ▁sav ings ▁or ▁funds ▁put ▁away ▁by ▁employ ers ▁that ▁h ire ▁workers ▁to ▁work ▁four ▁or ▁more ▁hours ▁a ▁day . ▁C TS ▁is ▁distributed ▁as ▁a ▁result ▁of ▁term ination ▁or ▁migration ▁to ▁a ▁new ▁job . ▁ ▁Other ▁forms ▁of ▁social ▁protection ▁ ▁P ensions ▁ ▁P ensions ▁in ▁Peru ▁consist ▁of ▁social ▁ins urance ▁( SN P ) ▁and ▁the ▁Ind ividual ▁account , ▁both ▁of ▁which ▁cover ▁public ▁or ▁private ▁sector ▁employees . ▁The ▁average ▁p ension ▁in ▁ 2 0 1 4 ▁was ▁$ 9 8 4 ▁sol es ▁( about ▁US $ 3 5 0 ) ▁per ▁month ▁and ▁paid ▁only ▁to ▁those ▁holding ▁a ▁certain ▁balance ▁in ▁their ▁personal ▁bank ▁accounts . ▁P ensions ▁are ▁looked ▁after ▁by ▁the ▁Ministry ▁of ▁Econom y ▁and ▁Fin ance , ▁and ▁are ▁given ▁to ▁elder ly ▁citizens ▁over ▁the ▁age ▁of ▁ 6 5 ▁who ▁have ▁contributed ▁at ▁least ▁ 2 0 ▁years ▁to ▁the ▁labour ▁market . ▁ ▁P ension 6 5 ▁ ▁P ension 6 5 ▁was ▁a ▁program ▁created ▁to ▁respond ▁to ▁the ▁growing ▁vulner able ▁population , ▁mainly ▁those ▁living ▁in ▁pover ty , ▁with ▁a ▁distribution ▁of ▁generally ▁$ 2 5 0 ▁sol es ▁( about ▁the ▁US $ 7 7 . 3 1 ) ▁every ▁two ▁months ▁for ▁every ▁qual ifying ▁citiz en . ▁ ▁Social ▁ins urance ▁ ▁Within ▁SN P , ▁an ▁ins ured ▁individual ▁may ▁receive ▁as ▁much ▁as ▁