Law 73 IMSS: Who is responsible for it and how is the pension determined?

The retirement It is an important process for workers in Mexico, and for those who began to contribute to the Mexican Social Security Institute (IMSS) before July 1, 1997, the Law of ’73 offers a path to a secure pension. If you belong to this law, it is important that you begin to inform yourself in advance about the implications that this regime has for your future.

This regime not only allows a old age pension at 65 or by unemployment between 60 and 64 yearsbut also allows increasing the amount through voluntary contributions, such as Modality 40 of the IMSS, something that is not possible for workers registered in Law 97.

Identify which regime you belong to:

It is important to highlight the essential thing for workers to identify under what regime were they registered in the IMSSbecause this determines the process and benefits available for your retirement.

The Law of 73 is beneficial since it allows the amount of the pension to be increased and offers protection in cases of disability and death, even extending benefits to the insured’s children in the event of death.

Pension calculation and requirements:

To qualify under this law, it is necessary have contributed a minimum of 500 weeks. The amount of the pension is calculated based on the average salary of the last 250 weeks quoted, or the last five years worked. It is in this five-year window in which many workers take the opportunity to contribute weeks with a better salary through Modality 40.

Those interested can use the IMSS online platform, which includes a pension simulator to obtain an approximate figure of what they will receive monthly, depending on their age and weeks of contributions.

Pension application process:

The pension process begins in corresponding IMSS subdelegation, where the worker must submit his pension application. It’s fundamental contact the Afore relevant to notify the start of the retirement process.

The documents necessary for the process include official identification, Afore account statement, bank account statement with CLABE, request for the disposal of Afore resources and the IMSS pension resolution.

It is very important that workers are aware of all the factors that affect their retirement process and that they have the documents ready, because if they do not have them, they may be affected by a delay in the processing of their pension.

Location and management of the Afore account:

Know which Afore you are registered with It is essential to manage savings and related procedures.

This information can be easily obtained through AforeWeb, entering CURP or NSS and an email; the AforeMóvil App; either by calling SARTEL, at 55 1328 5000.

This process of preparation and application for pension under the Law of 73 of the IMSS ensures that workers can maximize their pension benefit and effectively navigate the social security system in Mexico, ensuring a smooth and secure retirement.

Journalist with more than 15 years of experience in print and digital publications. I am currently editor of Debate.com.mx. I have a degree in Communication Sciences. I have covered diverse information sources, especially from the business areas. I usually write about personal finances, retirement, pensions, IMSS, employment, money, currencies, credits, entrepreneurship, insurance, technology, science and scientific studies in areas such as health. I like social networks, reading about marketing, SEO and literature, especially topics of politics and history. In 2018 I had to start mibolsillo.com and since then I have ventured into digital journalism.

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