Xóchitl Gálvez, presidential candidate of the PAN, PRI and PRD, has said that Morena and its allies want to keep their pensions and Afores, and that President Andrés Manuel López Obrador lied to Mexicans saying that he was not going to touch the pension system.
Meanwhile, businessman Ricardo Salinas Pliego, owner of TV Azteca, assures that “4T wants to steal $45,000,000,000 right from the start.”
Next to these rats, says the owner of Afores Azteca, anyone is a suckling child. “They want to take the capacity of all Mexicans because it is no longer enough… I told you!!!”, he maintains.
In this regard, President Andrés Manuel López Obrador came out again to respond to the accusations against his government.
“We are going to report on the Afores, so that it is sufficiently clear, even though, with all due respect, Those of the conservative bloc are very liars and they will not stop being saying that we are going to steal the Afores, As those from Azteca and Joaquín say, either we steal the Afores or we are going to expropriate or confiscate them. Well, none of that, none of that; On the contrary, this reform is to benefit workers, not to harm them,” he said.
On the other hand, the general director of the Mexican Social Security Institute (IMSS), Zoé Robledo, pointed out that in an effort to guarantee the financial security of workers, the federal government has reiterated its commitment to protect the individual accounts of the Insurance Administrators. Retirement Funds (afores), especially those that are inactive, while protecting the savings of those who continue to be active.
At the National Palace, Robledo highlighted that the pension reform implemented in 2020 has established a mechanism for the management of unclaimed accounts. If after 10 years an individual does not claim his pension, the Afores must return that money to Social Security, the custodian of these resources.
Robledo reported that to date 347 accounts that were claimed have been returned, representing an amount of 946 million pesos.
This process is carried out in collaboration with the Ministry of Finance and Public Credit, which has established a methodology to facilitate the recovery of these funds.
The head of the IMSS highlighted that, With the reform in force, the Afores must transfer a total of 41 billion pesos to Social Security, including the Infonavit housing subaccount. These resources, once in the hands of the IMSS, will be allocated to institutional reserves, thus guaranteeing the financial stability of the system.
In addition, the creation of the Pension Fund for Wellbeing was announced, a mechanism designed to complement the pensions of workers who retire with an income of less than 100% of their last average salary. This fund will be administered by the Bank of Mexico and will allow the pension supplement to be funded.
The Mexican Association of Retirement Fund Administrators (Amafore) has supported this reform, emphasizing that it does not imply the expropriation of resources.
The opinion, discussed and voted on in the Social Security Commission of the Chamber of Deputies, ensures that the resources directed to the fund will be exclusively from inactive accounts, without affecting those with an active employment relationship.
Welfare Pension Fund
On Friday, the head of the National Commission of the Retirement Savings System (Consar), Julio César Cervantes Parra, announced that the accounts of the workers in the Welfare Pension Fund will be protected under the administration of a technical financial committee, made up of various authorities and financial entities.
In the morning press conference of President Andrés Manuel López Obrador, Cervantes Parra explained that this committee will be made up of representatives of the Bank of Mexico (Banxico), the Ministry of Finance and Public Credit (SHCP), the National Commission of the Savings System for the Retiro (Consar).
In addition, by the Institute of the National Housing Fund for Workers (Infonavit), the Mexican Institute of Social Security (IMSS) and the Institute of Security and Social Services of State Workers (Issste).
The official highlighted the importance of this new administrative scheme to guarantee security and transparency in the management of workers' retirement funds, stressing that the participation of prestigious financial institutions and government agencies will strengthen the solidity of the system.
Regarding the structure of the system, Cervantes Parra mentioned that The Welfare Pension Fund will be made up of ten administratorsamong which is a public administrator, PensionIsssteas well as public-private associations and national and foreign private entities.
Among the prominent administrators are Afore XXI Banorte, made up of the IMSS and Banorte, as well as other entities such as ProfutureInbursa, Azteca, Coppel, InverCap, Principal and Citibanamex.
This diverse set of administrators provides both public and private options for the management of workers' retirement funds.
The head of Consar also provided relevant data on the Retirement Savings System (SAR), pointing out that it currently manages more than 6 trillion pesos, equivalent to 19.2% of the Gross Domestic Product (GDP), and has more than 74 millions of individual accounts.
Regarding the recent reforms in the pension system, Cervantes Parra highlighted the reduction of commissions charged by the administrators, which will generate significant savings for workers, as well as the increase in contributions, which will significantly increase the assets managed by the pension system. HE.
Inactive accounts
The official addressed the situation of inactive accounts of older people, pointing out that rThey represent a minimum percentage of the total accounts managed by the Aforesand provided information on how workers can locate their individual retirement savings account through various service channels.
With these measures and reforms, the government seeks to ensure the stability and efficiency of the pension system, thus guaranteeing the well-being and financial security of Mexican workers.
Let's defend the Afores: Xóchtl Gálvez
In conversation with Leonardo Curzio, at the 87th Banking Convention, in Acapulco, Xochitl Galvez was questioned about the reform of President Andrés Manuel López Obrador's pension system.
“The first thing I know I would do is not steal the Mexicans' money. That money has a first and last name. Maybe he is in the United States working, that's why his account is inactive, maybe he doesn't know he has that money, maybe The best ones continue to contribute hours because they feel productive,” he declared.
“And the first thing that people should know is that they have money before the government takes that money, but I have the impression that what they are doing is like a trap. I hope Mexicans wake up and realize that right now they are the ones “We're all going to do 70 years and more in a while.”
Let's defend the Afores, let's defend the pensions, said the opposition candidate, because it is private money, not government money.
“All the drawers are gone and now they are going for ours,” said the PAN, PRI and PRD candidate.
#AMLO #government #pensions #Afores
