Oh this adult life, did you know that not only do we have to worry about working every day but we also have to think about the future and know what we are going to do the day we stop working? Today in Debate we talk to you about what is Life penssion just like him Afore.
A topic of great importance if you are generation Z, millennials, X and baby boomers is to understand that there are afores, and that a lifetime pension for when you retire is what you should undoubtedly worry about now. But first, let's understand this about generations.
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The Generation Z It is also known as centennials, these are people born from 1996 onwards. The Generation Y or millennials are people who were born between 1980 and 1995. Lto Generation are those who were born between 1960 and 1980. baby boomers They were born between 1943 and 1960 and silent generation They were born before 1943.
One of the most frequently asked questions is if you are going to have pension for life Or you will have it limited to what you have saved through your Afore, this is determined by the generation you are. Now we understand that popular meme on social networks of “Me in my primary school dance instead of saving for my retirement.”
Let's see, pensions have a lot to do with the Mexican Social Security Institute IMSS, which offers you several options to retire, the main ones for a retirement are:
– Unemployment
– Old age
– Disability or survival
How do you know if you are going to have a pension for life or not?
To know if you are going to have a pension for life or not, we have to know two very important points:
1.- The date and year in which you began quote.
2.- The type of regime where you entered as a worker.
We already know, too much information, but don't worry, now we are going to even tell you what the regime is. Pay attention.
If you started contributing to a job before July 1, 1997it corresponds to you Regime 73with which you could have a pension for life.
And if you started quoting as of July 1, 1997it corresponds to you IMSS Law 97, this means that all these people will not have a pension for life, so their pension will be limited only to the money saved while they worked. When we see it this way it is easier to understand. But if it's still not clear, let's divide it by generations.
What generations are Regime 97?
Generation Z or centennials are Regime 97 so your pension will be for your money saved in the Afore you chose. Generation Y or millennials also belong to the 97 Regime, so they will get their pension only for what they have saved during work time.
What generations are Regime 73?
Generation Regime 73, the lucky ones will have their pension for life, just like the Baby Boomers and the Silent Generation. Now you must also bear in mind that the lifetime pension for this regime has its own requirements to meet, for example the evaluation of the weeks contributed and salary, among others.
#Regime #pension #life
