IMSS Modality 40: Requirements and benefits this 2024

The IMSS Modality 40either Voluntary Continuation to the Mandatory Regimeis an option that allows workers who have stopped contributing for a certain period of time to make voluntary contributions to improve the conditions of their future pension.

This modality is particularly beneficial for those who began to contribute before July 1, 1997, under Law 73 of Social Security.

By registering in Modality 40, workers can increase the average salary of the last five years quoted and the total number of quoted weekstwo key factors in calculating the pension.

Let us remember that in Mexico, for those insured by the IMSS, there are two social security schemes, in this case the one from 1973 being the one that really gives you benefits under the umbrella of Modality 40.

Requirements for registration:

For meet the requirements established by law and after having been canceled by the employeryou need to ensure the following:

Have at least 52 weeks of paid work. It is not necessary for these weeks to be consecutive, what is required is to reach this total figure.

In case of requesting withdrawal from the IMSS, No more than five years should pass before registering in the 40 modality. If this period is exceeded, it will not be possible to apply for said modality and The person must work for 52 more weeks to be able to register.

How to register?

The registration process includes visit the IMSS subdelegation corresponding with various documents, such as official identification, proof of address and a document containing the Social Security Number (SSN).

Furthermore, it is important determine the salary with which you want to contributewhich cannot exceed the equivalent of 25 Measurement and Update Units (UMAs).

This modality allows make contributions based on a salary higher than the last recordedwhich can significantly increase the amount of the pension.

However, it is important make these contributions before five years have passed since the last contribution to maintain the validity of the rights before the IMSS.

He registration can be started onlinebut it is mandatory to appear at the window to complete it.

It is important to mention that This process must be carried out personally by the insured or, if necessary, by a person authorized by means of a power of attorney to carry out said procedure.

Big benefits:

The benefits of enrolling in Modality 40 include the possibility of obtain a higher pension thanks to the increase in the average salary and the number of weeks quoted.

It is very important to emphasize that, although Modality 40 has many advantages, its cost is high and will increase more in the coming years. This requires that the person get advice BEFORE registering to evaluate if it is worth it, considering the cost vs benefits.

Although an initial investment is required for voluntary contributions, this effort to register for Modality 40 can translate into a substantial improvement in the quality of life during retirement. However, to make sure this is the case, It is important to go to an expert to evaluate a possible investment strategy and assess whether or not it is profitable to take the step of registering.

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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